Oil Prices Slip as Trump Unveils Fresh Economic Pressure on Iran

 Global oil prices fell on Monday as investors awaited details of a new US campaign aimed at isolating Iran’s economy and increasing pressure on Tehran.

Brent crude declined by about 1.7 per cent to around $91.01 a barrel, while US West Texas Intermediate crude fell about 2.1 per cent to approximately $85.20 a barrel. The decline came after oil prices had gained more than six per cent the previous week amid continuing uncertainty over the conflict and the Strait of Hormuz.

The latest market movement followed President Donald Trump’s pledge to intensify economic pressure on Iran. US Treasury Secretary Scott Bessent was scheduled to provide details of the new measures, which Washington has described as an unprecedented financial offensive against Tehran.

Bessent said the United States intended to target countries and businesses that continue to support Iran’s economy, raising concerns among investors about the possible impact on international trade and energy markets.

The development comes as tensions around the Strait of Hormuz remain high. The strategic waterway is a major route for global energy shipments, and disruptions have already reduced shipping activity and contributed to volatility in oil prices.

Iran has responded by threatening to stop oil exports from the Gulf if what it describes as an economic war against the country continues. Iranian officials have warned that countries supporting the US measures could face retaliation.

Despite those threats, oil prices moved lower as traders appeared to focus on the possibility that the new US strategy could eventually reduce tensions or bring the conflict closer to a resolution.

The market remains highly sensitive to developments involving Iran because any prolonged disruption around the Strait of Hormuz could affect global crude supplies and push energy prices higher.

For now, investors are watching the US sanctions announcement closely, while also monitoring Iran’s response and developments surrounding the crucial shipping route.

The conflicting signals have left oil markets highly volatile, with traders weighing the risk of further supply disruptions against the possibility of easing tensions in the Middle East.