Wednesday, August 19, 2026

Oil Rebounds as Trump Dumps Iran Deal, Promises New Sanctions

From Bloomberg  Penalties to be re-imposed on Iran after 180 days: Treasury  U.S. crude inventories declined last week: API report Crude rebounded from earlier losses after U.S. President Donald Trump withdrew from the Iranian nuclear accord and said new sanctions will be imposed on OPEC’s third-biggest oil producer. Futures pared a decline to 1 percent in New York on Tuesday