Oil Prices Surge as Trump Mulls Iran Sanctions
Business & Finance News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Oil prices surged today, with Brent crude nearing $110 a barrel, as Trump hinted at potential sanctions on Iran, threatening to cut its oil exports. US light crude also rose, and analysts predict exports could drop to 2.1 million barrels in June. Meanwhile, Venezuelas output has plummeted, leaving little spare capacity globally. Prices may continue to rise as US inventory numbers are released later today.
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