The US expanded secondary sanctions aimed at isolating Iran's financial and export channels, including oil, shipping and gold, raising headline geopolitical risk. However, crude markets reacted weakly, with Brent and WTI settling more than $2/bbl lower as traders focused on positioning and broader macro signals. The mixed cross-asset backdrop (softer long yields, stronger USD, tech-driven equity weakness) suggests limited immediate risk premium passthrough to energy.
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NCCO1OILBRENT2USD/USDT-2.15%
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US Treasury Secretary Scott Bessent said Washington is expanding secondary sanctions that could pressure entities and countries that continue doing business with Iran. Markets largely shrugged off the announcement, and oil prices fell more than $2 a barrel. Brent settled at $US92.17 a barrel and US West Texas Intermediate ended at $US85.01.