US Treasury Secretary to Announce New Sanctions Against Iran

US Treasury Secretary Scott Bessent is set to unveil details of new sanctions targeting Iran today at 14:00 ET. This follows a prior announcement of an "economic D-Day" plan. The market is closely monitoring the scope of these measures, particularly regarding potential actions against major Asian buyers, as Beijing has indicated it will protect its interests. This development is influencing risk appetite, leading to sideways movement in European equities and a slight decrease in Brent oil prices.