Iran Sanctions Keep Oil at 3½-Year Peak

Iran Sanctions Keep Oil at 3½-Year Peak

Oil prices hit fresh 3½-year highs Thursday, with the U.S.’s withdrawal from the Iran nuclear agreement continuing to reverberate across markets.

Brent crude, the global oil benchmark, was up 0.5% at $77.57 a barrel on London’s ICE Futures exchange, having hit $78.00 earlier, its highest level since November 2014.

On the New York Mercantile…

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