Bessent Unveils New Iran Sanctions as Oil Holds Steady and Asian Shares Slip

3 articles · Updated · Yahoo Finance · Aug 25

Fresh U.S. sanctions on Iran were announced by Treasury Secretary Scott Bessent, who also warned countries continuing to do business with Tehran that they would face retaliation.
Oil prices were little changed after the announcement, suggesting traders saw no immediate supply shock even as Washington stepped up pressure on the Islamic Republic.
Asian markets mostly fell in narrow trading Tuesday: Hong Kong lost 0.3%, South Korea 0.4% and Shanghai 0.1%, while Japan rose 0.4% and Australia gained 0.6%.
U.S. stocks had finished mixed Monday, with the S&P 500 down 0.3% and the Nasdaq off 0.8%, as Nvidia slid 2.9% ahead of Wednesday earnings that could steer AI-linked shares.
The broader backdrop remains fragile: the 10-year Treasury yield eased to 4.71%, but analysts say Treasury buybacks are too small to solve pressure from heavy U.S. debt and high oil prices tied to the Iran war.