Oil prices steady as investors weigh impact of expanded US sanctions against Iran

Aug 25 : Oil prices steadied on Tuesday, after falling more than 2 per cent in the previous session, as investors assessed the impact of harsher U.S. secondary sanctions against Iran.Brent crude futures were down 9 cents, or 0.1 per cent, at $92.16 by 0104 GMT, while U.S. West Texas Intermediate crude was up 1 cent at $85.02 a barrel.Both contracts fell more than 2 per cent on Monday with U.S. crude oil falling to a one-week low on profit taking after prices rallied over the previous two weeks.U.S. Treasury Secretary Scott Bessent on Monday unveiled an expansion of sanctions to cut off Iran's economic lifeline, to force an end to the war between them, telling countries they would need to sever their business ties or risk being cut out of the dollar-based financial system. However, he decli