NYT
Oil Prices Fall Ahead of U.S. Vow to Intensify Economic War Against Iran
Monday, August 24, 2026
Treasury Secretary Scott Bessent announced escalated sanctions targeting Iranian trade. The announcement followed a broader policy shift toward increased economic pressure on Iran. Oil prices declined in advance of the announcement.
Original reporting: https://www.nytimes.com/2026/08/24/business/oil-prices-bonds-stocks.html