Oil Surges Again After Trump Threatens Iraq Sanctions, Iran Retaliation
Oil Surges Again After Trump Threatens Iraq Sanctions, Iran Retaliation 1SINGAPORE (Reuters) – Oil prices shot more than 2% higher on Monday, with Brent rising above $70 a barrel, after U.S. President Donald Trump issued a threat to impose sanctions on Iraq amid escalating tensions with Iran in the Middle East. Brent crude futures soared to a high of $70.27 a barrel at 0222 GMT, up $1.67, or 2.4%, from Friday’s …
News story posted on 2020-01-06T05:30:00.0000000Z