Crude oil prices have recouped some of the losses posted on Monday as fears of an escalation between Israel and Iran dissipated. Brent crude was trading above $87 per barrel and West Texas Intermediate remained above $82 per barrel as the news about fresh U.S. and UK sanctions on Iran failed to impress traders. According to a Bloomberg report, the U.S. sanctions, which are due to be passed by Congress this week, may end up not being enforced at all. The reason? President Biden would be wary of doing anything that could further…
