According to The Kobeissi Letter, oil prices have increased following the US announcement of new sanctions on Iran. These sanctions target key sectors such as shipping, energy, and oil companies, potentially affecting global supply and trading strategies.

According to The Kobeissi Letter, new US sanctions on Iran have resulted in a rise in oil prices by targeting shipping, energy, and oil companies. This development is significant for traders as it could lead to volatility in the energy markets, influencing oil-related assets and derivatives.