Oil falls ahead of US announcement of new sanctions on Iran

LONDON, Aug 24 : Oil prices slipped more than $1 a barrel on Monday as investors took profits after recent gains and awaited details of expected new U.S. sanctions on Iran, which could further disrupt supplies from the Middle East.Brent crude futures were down $1.55, or 1.64 per cent, to $92.84 at 0911 GMT, while U.S.

Oil prices slipped more than $1 a barrel on Monday as investors took ‌profits ahead of an expected announcement from Washington about imposing more sanctions on Iran that may further disrupt supplies from the Middle East.

Oil falls 1% ahead of US announcement to impose further sanctions on Iran  Reuters