Crude Retreats Below $83; U.S. Senate Targets Iranian Oil with New Sanctions U.S. crude oil prices dropped back below $83 per barrel, reversing gains from a previous 2% rally as the market anticipates upcoming U.S. petroleum inventory data. The focus in the oil market has shifted back to supply and demand fundamentals, as geopolitical tensions between Israel and Iran, which previously influenced the market, have eased. Additionally, the U.S. Senate has approved a foreign aid package that includes expanded sanctions against Iranian oil, targeting entities involved in its transportation and processing. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts We Are 'Late In the Game' of Controlled Financial Demolition READ MORE Falling Retail Sales Drive Treasury Yields Down, September Rate Cut Likely READ MORE Four Tech Titans Propel Stock Market to New Highs on AI Hopes READ MORE UBS: Gold's Record Rally Has Room to Run Despite $2,500+ Prices READ MORE Hyperinflation to Hope: Zimbabwe Launches New Gold-Backed ZiG Currency READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment