Oil Prices Rise as US Threatens Tougher Sanction on Iran
8 Articles
8 Articles
Markets are once again focused on developments surrounding Iran and the Strait of Hormuz as Trump's threats of sanctions on Iran's trading partners heighten concerns about a global supply squeeze.
Oil rises for second week amid threat of new US sanctionsBrent and WTI have risen amid the threat of tougher US sanctions against Iran. Twice as many ships passed through the Strait of Hormuz.
Oil Prices Set for Second Weekly Gain as US Threatens Iranian Sanctions
Oil prices were steady on Friday and were on track for a second straight weekly gain after the United States threatened to impose the toughest sanctions in history with no end in sight for disruptions to Middle East oil flows.Brent crude futures rose 20 cents…
Oil set for second weekly gain as US ramps up pressure on Iran, Money News
Oil prices edged lower on Friday (Aug 21) but were on track for a second straight weekly gain after the US threatened to impose "the toughest sanctions in history" with no end in sight for disruptions to Middle East oil flows.Brent crude futures fell 17 cents, or 0.18 per cent, to US$93.61 (S$118) a barrel by 8.02am GMT (4.02pm SGT)....
Brent is climbing above $94 a barrel and WTI is also strengthening. The threat of US sanctions against countries supporting Iran is pushing oil prices higher.
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