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Oil Prices Surge 1% Amidst New US Sanctions on Iran, Sparking Global Supply Concerns

James Carter 17 Apr, 2025

Oil prices increased by 1% following new US sanctions on Iran, targeting oil exports and a Chinese refinery, amid nuclear talks. WTI and Brent crude prices saw significant rises.

supply constraints News

Oil Prices Surge 1% Amidst New US Sanctions on Iran, Sparking Global Supply Concerns

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