Iran nuclear worries pushes crude oil to 4-year high
Brent crude on Monday touched its highest level since 2014 as oil prices increased on rising tension between the US and Iran.
The international oil price, which has benefited from a lift in US demand and Opec supply constraints this year, rose nearly 1 per cent to $75.53 in European trading after earlier hitting a session peak of $75.89, its highest level since November 2014.
The move came after Iran’s president Hassan Rouhani warned on Sunday that US president Donald Trump would be making a “historic” mistake if the US were to withdraw from its 2015 nuclear deal with Tehran.
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