Oil hits $75 as Iran sanction fears mount
These are external links and will open in a new window/ An Iranian oil facility on Khark Island, on the shore of the Persian Gulf Oil prices hit $75 on Tuesday, the highest level in nearly three and a half years, as fears mounted over the prospect of new US sanctions on Iran. for the sixth day, trading as high as $75.47 before later falling back under the $75 mark. The US will decide by 12 May whether to abandon a nuclear deal with Iran and re-impose sanctions. Such a move on the third-biggest oil producer in the Opec cartel threatens to ...
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