Oil fell more than $1/bbl on Monday as investors sold ahead of a likely US sanctions announcement that could further disrupt Middle East supply. US Treasury Secretary Bessent will hold a press briefing at 02:00 Beijing time on the 25th after previewing what he called "the toughest sanctions in history" on Iran. Commonwealth Bank of Australia commodity analyst Vivek Dhar said it is unclear whether isolating Iran economically will succeed; if Washington's measures work, Iran's capacity to respond

Oil fell more than $1/bbl on Monday as investors sold ahead of a likely US sanctions announcement that could further disrupt Middle East supply. US Treasury Secretary Bessent will hold a press briefing at 02:00 Beijing time on the 25th after previewing what he called "the toughest sanctions in history" on Iran. Commonwealth Bank of Australia commodity analyst Vivek Dhar said it is unclear whether isolating Iran economically will succeed; if Washington's measures work, Iran's capacity to respond with increased violence is an escalating risk for energy markets.