- August 7th, 2018
Oil rises as renewed U.S. sanctions on Iran seen tightening supply
Oil prices rose on Tuesday with re-introduced U.S. sanctions against major crude exporter Iran expected to tighten global supply. Spot Brent crude oil futures LCOc1 were $74.17 per barrel at 0710 GMT, up 42 cents, or 0.6 percent, from their last close.
