Global markets began the new week on Monday, 2 Shahrivar 1405, as investors awaited the announcement of details of new sanctions by the U.S. government against the Islamic Republic, and oil prices in Asian market trading fell by about one and a half percent.

Reuters has reported that “Scott Bessent,” the U.S. Treasury Secretary, is scheduled to announce Washington’s new economic measures against the Islamic Republic at a press conference at 2:00 p.m. Eastern time on Monday.