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Jakarta Post
The Jakarta Post
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Iran worries push oil prices to 4-year highs

  • Mriganka Jaipuriyar
    Mriganka Jaipuriyar

    Associate editorial director, Asia & Middle East Oil News & Analysis, S&P Global Platts

Singapore | Fri, October 12, 2018 | 02:04 pm
Iran worries push oil prices to 4-year highs Britain, Canada, France, Germany, Italy, Japan and the United States - known as the Group of Seven (G7) - pledged in 2016 to phase out their support for fossil fuels by 2025. (Shutterstock/File)

PREMIUM Crude oil prices have risen to four-year highs, led mainly by concerns that the impact of United States’ sanctions on Iranian supply may be larger than expected, and a lack of clarity about exports by the Middle East supplier implies more volatility in the months ahead. 

ICE Brent and NYMEX crude futures have gained around 20 percent since mid-August, with ICE Brent crude...

Disclaimer: The opinions expressed in this article are those of the author and do not reflect the official stance of The Jakarta Post.

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