Oil Slides to One-Week Low as Markets Shrug Off Iran Sanctions
🛢️ MARKETS — Hormuz near-closed, sanctions live. Oil falls anyway. 📌 LOOK CLOSER: Markets priced Bessent's package before it landed — weeks of telegraphing gave traders time to position. Hormuz near-zero traffic means supply disruption is already in the price; new sanctions add no new data. The drop signals the market expects a corridor deal or SPR release before a real crunch. Tehran reads this as Washington's leverage fading.
