00:00Oil prices dropped sharply as investors assessed the Trump administration's latest sanctions
00:05campaign against Iran, viewing economic pressure as less threatening to global crude supplies
00:11than renewed military escalation. Brent crude fell roughly 4 percent to around $88.58 a barrel,
00:18while West Texas Intermediate settled near $82.36. Treasury Secretary Scott Besant has described
00:25the sanctions effort as a major financial offensive, while Iran says it has a two-year
00:30plan to withstand the pressure. The market reaction suggests traders are increasingly
00:34betting that the latest escalation will hit Tehran's economy before it disrupts oil flows.
