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Originally published by The Standard Business
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August 24, 2026
1mo ago

Oil falls as Trump pledges economic war on Iran

Oil falls as Trump pledges economic war on Iran

Oil prices fell on Monday as investors braced for details of a US plan to isolate the Iranian economy that President Trump billed as the "most crushing" financial operation ever against Tehran...

✨ Key Highlights

Oil prices declined as President Donald Trump announced a plan for unprecedented economic pressure on Iran. Investors are awaiting further details on this "most crushing" financial operation.

  • Oil prices fell, with both main crude contracts down 2.3 percent.
  • President Donald Trump, alongside US Treasury boss Scott Bessent, is leading the new economic campaign against Iran.
  • Asian stocks were mixed, with South Korea's Kospi down 1.4 percent following Samsung Electronics' announcement of an $80 billion share buyback.

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