Reported about 7 hours ago
Oil prices experienced a rise for the second consecutive day after the Trump administration enacted new sanctions targeting the flow of Iranian oil, reinforcing a strategy of maximum pressure on Tehran. West Texas Intermediate neared $71 a barrel while Brent crude approached $75. The sanctions affected 22 individuals and 13 vessels associated with illicit Iranian oil shipments, impacting markets as traders also considered broader supply issues and OPEC's upcoming decisions on production.
Source: YAHOO