Oil falls ahead of US announcement on new Iran sanctions

SINGAPORE — Oil prices slipped more than US$1 (S$1.27) a barrel on Monday (Aug 24) as investors took profits ahead of an expected announcement from Washington about imposing more sanctions on Iran that may further disrupt supplies from the Middle East.Brent crude futures fell US$1.22, or 1.29 per cent, to US$93.17 by 12.35am GMT (8.35am SGT), while US West Texas...