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

  • Mriganka Jaipuriyar

Singapore | Fri, October 12 2018 | 01:45 am

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 futures breachin...