Oil stocks have plunged on Wednesday, amid reports of a possible US presidential strike on Iran.

US stocks closed down 2.6 per cent and Brent crude oil futures slid 4.2 per cent.

Brent futures settled down 1.5 per cent at $47.25 per barrel.

US crude oil fell $4.25 to $49.42 a barrel on Wednesday after falling more than 5 per cent in the day earlier.

Brent has fallen $7.05 a barrel since it hit $42.13 a barrel last week.

US oil markets are expected to be the main battleground for the presidential race as US President Donald Trump and Republican challenger Hillary Clinton face off.

The president has been threatening to strike Iran over its nuclear programme, while Hillary Clinton has repeatedly accused him of being too soft on Tehran.

The sanctions on Iran’s economy have been in place since the Islamic revolution that toppled the country’s longtime ruler, Mohammad Reza Pahlavi, in 1979.

The US has said the sanctions are needed to stop Iran from developing a nuclear weapon.

The European Union imposed sanctions on Wednesday against more than 20 countries and institutions, including Russian, Chinese and Swiss banks.

The EU has accused Iran of funding terrorism and supporting the Taliban.

US energy companies were rattled by the announcement, which could add more than $3 trillion to the US economy.

Brent crude prices fell on Wednesday and Brent has dropped by more than 6 per cent since the election.

The plunge came as the International Monetary Fund (IMF) announced a $50bn rescue package for Iran in the first step towards lifting sanctions.

It said the package would be the first in a series of loans that will be announced in the coming days.

The deal has sparked fears that the world’s biggest oil producer could be left with the same kind of economic pain that the oil-rich Gulf nation suffered during the last economic crisis.

Iran is also in talks to sign a deal with world powers to curb its nuclear program, which the West believes is aimed at developing a bomb.

Iran has previously threatened to retaliate against US sanctions if they do not allow it to continue with its nuclear work.

US President Barack Obama and his Democratic challenger Hillary Trump have both called for a nuclear deal with Iran that would allow for the lifting of sanctions.

Sponsorship Levels and Benefits

Best Online Casino » Play Online Blackjack, Free Slots, Roulette : Boe Casino.You can play the favorite 21 Casino,1xBet,7Bit Casino and Trada Casino for online casino game here, win real money! When you start playing with boecasino today, online casino games get trading and offers. Visit our website for more information and how to get different cash awards through our online casino platform.우리카지노 | 카지노사이트 | 더킹카지노 - 【신규가입쿠폰】.우리카지노는 국내 카지노 사이트 브랜드이다. 우리 카지노는 15년의 전통을 가지고 있으며, 메리트 카지노, 더킹카지노, 샌즈 카지노, 코인 카지노, 파라오카지노, 007 카지노, 퍼스트 카지노, 코인카지노가 온라인 카지노로 운영되고 있습니다.한국 NO.1 온라인카지노 사이트 추천 - 최고카지노.바카라사이트,카지노사이트,우리카지노,메리트카지노,샌즈카지노,솔레어카지노,파라오카지노,예스카지노,코인카지노,007카지노,퍼스트카지노,더나인카지노,바마카지노,포유카지노 및 에비앙카지노은 최고카지노 에서 권장합니다.우리카지노 | Top 온라인 카지노사이트 추천 - 더킹오브딜러.바카라사이트쿠폰 정보안내 메리트카지노(더킹카지노),샌즈카지노,솔레어카지노,파라오카지노,퍼스트카지노,코인카지노.우리카지노 - 【바카라사이트】카지노사이트인포,메리트카지노,샌즈카지노.바카라사이트인포는,2020년 최고의 우리카지노만추천합니다.카지노 바카라 007카지노,솔카지노,퍼스트카지노,코인카지노등 안전놀이터 먹튀없이 즐길수 있는카지노사이트인포에서 가입구폰 오링쿠폰 다양이벤트 진행.2021 베스트 바카라사이트 | 우리카지노계열 - 쿠쿠카지노.2021 년 국내 최고 온라인 카지노사이트.100% 검증된 카지노사이트들만 추천하여 드립니다.온라인카지노,메리트카지노(더킹카지노),파라오카지노,퍼스트카지노,코인카지노,바카라,포커,블랙잭,슬롯머신 등 설명서.