Updated Aug. 24, 2026 4:58 pm ET
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(4 min)
The latest Market Talks covering Energy and Utilities. Published exclusively on Dow Jones Newswires at 4:20 ET, 12:20 ET and 16:50 ET.
1531 ET – Oil futures lose ground after six straight sessions of gains as the U.S. launched a plan to sanction countries or companies that do business with Iran. “The immediate measures look less dramatic than the rhetoric,” Jorge Leon, Rystad Energy’s head of geopolitical **** ysis, says in a note. Iranian oil exports are already down with the U.S. blockade and unless China reduces purchases further, the additional impact on Iranian oil revenues could be limited. “The biggest oil-market risk may not be the sanctions themselves, but Iran’s response to them,” he says. “Iran still has considerable capacity to disrupt everybody else’s exports.” WTI settles down 2.4% at $85.01 a barrel and Brent falls 2.4% to $92.17. (anthony.harrupwsj.com)
#market #down #updated
Listen
(4 min)
The latest Market Talks covering Energy and Utilities. Published exclusively on Dow Jones Newswires at 4:20 ET, 12:20 ET and 16:50 ET.
1531 ET – Oil futures lose ground after six straight sessions of gains as the U.S. launched a plan to sanction countries or companies that do business with Iran. “The immediate measures look less dramatic than the rhetoric,” Jorge Leon, Rystad Energy’s head of geopolitical **** ysis, says in a note. Iranian oil exports are already down with the U.S. blockade and unless China reduces purchases further, the additional impact on Iranian oil revenues could be limited. “The biggest oil-market risk may not be the sanctions themselves, but Iran’s response to them,” he says. “Iran still has considerable capacity to disrupt everybody else’s exports.” WTI settles down 2.4% at $85.01 a barrel and Brent falls 2.4% to $92.17. (anthony.harrupwsj.com)
#market #down #updated
1 day ago
