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Oil jumps after IEA says maintaining global supply with Iran sanctions could be 'very challenging'
2 monthes ago - By Business Insider
In June, the Trump administration ordered countries to stop importing Iranian oil by November.
Iran sanctions could make it "very challenging" to maintain global supply, the IEA said Friday.
Watch oil trade in real time here.
Crude prices rebounded Friday amid expectations for US sanctions against Iran, which would cut off oil imports from the country, and a rise in global demand.
West Texas Intermediate crude jumped 1.3% after the International Energy Agency said in a report that planned US sanctions against Iran, the world's fifth-largest producer, could threaten global oil supply...
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