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Line chart showing WTI crude oil easing to $85.46 a barrel after new US sanctions on Iran in August 2026.

WTI crude eased to $85.46 Tuesday, below the $87.06 high touched the previous Friday, even after the US Treasury announced the broadest Iran sanctions campaign of the six-month conflict, targeting shipping, oil, gold, crypto and aviation networks. Oil markets are treating the measures as financial pressure on Tehran rather than a physical supply disruption, which is why prices pulled back instead of spiking. China buys roughly 90 percent of Iran's oil exports, so a formal move against Chinese buyers, not another announcement, is the marker that would flip that reading.

This chart is presented for general informational purposes only and does not constitute financial, investment, tax, or legal advice. Figures reflect the source and period indicated and may no longer be current.

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