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Market Impact: 0.55
Oil Extends Losses As US Widens Sanctions On Iran
Source: Nasdaq
Geopolitics & WarSanctions & Export ControlsEnergy Markets & PricesCommodities & Raw Materials
Oil prices fell sharply on Tuesday, extending prior-session losses as traders weighed Washington’s sweeping new sanctions campaign against Iran. The headline points to near-term downside pressure for crude given uncertainty around supply, compliance, and demand implications from the renewed sanctions.
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