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Tensions between Washington and Tehran, climbing oil prices
Economy News / Continue ...
Oil prices rose Monday amid concerns the extension of new US sanctions against Iran can affect the crude supply, after Iran test fired a ballistic missile.
Tensions between Washington and Tehran since Iran's ballistic missile test which prompted President Donald Trump's management to impose sanctions on individuals and entities linked to Iran's Revolutionary Guards.
And reached price of a barrel of Brent oil futures towards $ 56.86 a barrel at 0037 GMT, up 5 cents from the last close.
The price of a barrel of oil for West Texas Intermediate also rose in the futures five cents to touch $ 53.88 a barrel.
This reflects the tension between Washington and Tehran have a negative impact on the oil market because of concerns over the escalation of the dispute between the two sides, especially after waving the new US administration to cancel the nuclear deal with Tehran, which led to the resumption of Iran's oil exports.
It coincides US-Iranian differences at a time when oil-producing countries are trying to restore the balance in oil prices through restrain oversupply in the market, especially after them from reaching an agreement to cut production by about 2 percent.
http://economy-news.net/content.php?id=6653
Economy News / Continue ...
Oil prices rose Monday amid concerns the extension of new US sanctions against Iran can affect the crude supply, after Iran test fired a ballistic missile.
Tensions between Washington and Tehran since Iran's ballistic missile test which prompted President Donald Trump's management to impose sanctions on individuals and entities linked to Iran's Revolutionary Guards.
And reached price of a barrel of Brent oil futures towards $ 56.86 a barrel at 0037 GMT, up 5 cents from the last close.
The price of a barrel of oil for West Texas Intermediate also rose in the futures five cents to touch $ 53.88 a barrel.
This reflects the tension between Washington and Tehran have a negative impact on the oil market because of concerns over the escalation of the dispute between the two sides, especially after waving the new US administration to cancel the nuclear deal with Tehran, which led to the resumption of Iran's oil exports.
It coincides US-Iranian differences at a time when oil-producing countries are trying to restore the balance in oil prices through restrain oversupply in the market, especially after them from reaching an agreement to cut production by about 2 percent.
http://economy-news.net/content.php?id=6653
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