• Oil prices spike ahead of US sanctions on Iran

    4 monthes ago - By Business Insider

    Oil prices rose more than 1.5% on Monday.
    US economic sanctions against Iran are set to take effect on Tuesday.
    Other sanctions, including those targeting Iranian crude, will resume in November.
    Watch oil trade in real time here.
    Oil prices rallied Monday as markets braced for the reimposition of US sanctions against Iran.
    West Texas Intermediate crude jumped 1.5% to $69.72 per barrel at 12:45 p.m. ET. Brent , the international benchmark, rose 1% $74.15 a barrel.
    An initial round of sanctions against Tehran was reimposed Monday, administration officials said, as has been expected since...
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