Oil prices rise sharply over Iran export drop

On the up and up: Oil prices spiked by $4 in wake of report showing fall in Iranian exports

Oil prices rallied sharply on news that Iranian oil exports have fallen significantly this month as tightening Western sanctions cause some buyers to stop or scale back purchases.

Newsletter signup


Become an Upstream member!

Membership includes a subscription to our weekly newspaper providing in-depth news from the energy industry, plus full-access to this site and its archives. Still not convinced? Try our free trial.

Already a member?