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WTI and Brent Crude Fully Erase Gains from Iran Sanctions Extension Expectations

GateNews
MacroeconomicsCommodities

Gate News message, April 29 — WTI crude oil (U.S. benchmark crude futures) and Brent crude (global benchmark crude futures) declined sharply today, completely erasing gains from the announcement of potential extended sanctions on Iran. WTI fell to $100.71 per barrel and Brent to $103.20 per barrel, both down approximately 0.6% intraday.

The pullback comes after initial price gains triggered by reports of a potential extension to Iran’s economic sanctions. Market participants have since reversed positions, leading to the current decline.

Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

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