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.
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