New Markets
Monday, 8/24, 09:37 AM
Oil fell 1 percent ahead of the toughest sanctions in history
- Brent traded at $93.38 before Scott Bessent's 1pm briefing.
- Fewer than 20 commodity vessels crossed Hormuz at the weekend.
- As one analyst put it, $93 rather than $120 to $150 is the market telling you enough oil is still flowing.