
Oil Prices Surge as Iran Deal Unravels
Business & Finance News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Oil prices surge as Brent crude hits $110 a barrel, highest since 2014, due to Trumps potential US exit from Iran nuclear deal. Analysts predict Iranian exports could drop by 200,000 barrels per day, causing supply squeezes and thin spare capacity worldwide. US crude stocks also decrease, adding to price pressure as official data is set to drop tomorrow.
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