Oil hits 3-1/2 year high after US quits Iran deal
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Dawn News
5 months ago

Oil hits 3-1/2 year high after US quits Iran deal

LONDON: Oil prices rose more than 3 per cent on Wednesday to 3-1/2 year highs, after US President Trump abandoned a nuclear deal with Iran and announced the “highest level” of sanctions against the Opec member. Ignoring pleas by allies, Trump on Tuesday pulled out of an international deal with Iran that was agreed in 2015, a move that raises the risk of conflict in the Middle East and casts uncertainty over oil supplies in an already tight market. Brent crude oil touched its highest since November 2014 at

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