Oil Slips as US Sanctions Jostle With Fragile Growth Outlook
Written by Black Hot Fire Network on March 21, 2025
(Bloomberg) -- Oil edged lower as traders weighed the first US sanctions over Chinese imports of Iranian crude against a precarious outlook for global growth.
Most Read from Bloomberg
Brent futures dipped below $72 a barrel, erasing earlier gains, while still set for the biggest weekly gain since January. The US penalized a small Chinese refinery and its chief executive officer for allegedly buying Iranian oil, as well as a terminal operator.
The Trump administration’s first intervention in the Asian nation . . .
