Oil price falls after US sanctions against Iran started

Share news

Oil price falls after US sanctions against Iran startedFor the last month oil benchmark Brent and WTI have lost more than 15% in total.


World oil prices fell on Monday, November 5th, after the White House imposed the sanctions on Iran’s fuel exports.

Due to the London Stock Exchange ICE, the January Brent futures dropped by 0.26% to $72.64. And due to the US agency EIA, WTI futures fell to $63.69, which is $3.64 less than it was at the previous week.

According to the agency, Brent and WTI have lost a total of more than 15% since the early October.

It should be noted, that today US sanctions on Iran entered into force again. Sanctions apply to Iran’s oil exports and the banking sector. However, Washington allowed eight Asian countries to import Iranian fuel even after the sanctions begin.

President of Iran Hassan Rouhani told that his country would break the sanctions and continue to export oil.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 60% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.