Search ForexCrunch

US Secretary of State Mike Pompeo announced further sanctions on the entities having Iranian connections to boast the maximum pressure policy.

Key quotes

Our maximum pressure campaign on the Iranian regime continues.

Today, we are sanctioning nine entities for their connections to Iran’s metals sector.

Iran’s leaders must stop squandering resources to support proxies abroad while Iranians suffer.

FX implications

While the news becomes positive to oil prices, an unconfirmed blast in Tehran is likely to gain major attention of the energy traders. That said, WTI closed a bit above $39.00 to $39.10 at the end of the US session.