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Oil rises as US sanctions on Iran take effect

Sanctions on some Iranian goods began on Tuesday

Oil price: Brent crude futures rose 66 cents, or nearly 1%, to $74.41 per barrel by 12:20 pm EDT (1620 GMT)
Oil price: Brent crude futures rose 66 cents, or nearly 1%, to $74.41 per barrel by 12:20 pm EDT (1620 GMT)
  • Reuters
USAIranUS West Texas IntermediateWest Texas IntermediateDonald Trump
Published 7 August 2018, 16:36Updated 7 August 2018, 16:36