Oil markets jumped on Monday on concerns over potential renewed US sanctions against Iran as well as the conflict in Iraq, while an explosion at a US oil rig and reduced exploration activity supported prices there. International Brent crude futures were at $57.82 at 0645 GMT, up 65 cents, or 1.1 percent, from the previous close. Prices were being pushed up by worries over renewed U.S. sanctions against Iran. US President Donald Trump last Friday refused to certify that Tehran is complying with the accord even though international inspectors say it is. Under U.S. law, the ...
Oil jumps amid Iraq conflict fears, US sanctions on Iran
International Brent crude futures were at $57.82 at 0645 GMT, up 65 cents, or 1.1% from the previous close