AP/Ronald Zak Oil prices rose more than 1% on Tuesday. US economic sanctions against Iran took effect this week. Other sanctions, including those targeting Iranian crude, will resume in November. Watch oil trade in real time here. Crude oil prices extended gains Tuesday as the Trump administration's sanctions against Tehran kicked in, setting the stage for a drop-off in production from the world's fifth-largest producer. West Texas Intermediatecrude jumped 0.9% to $69.50 per barrel at 10:30 a.m....
AP/Ronald Zak Oil prices rose more than 1% on Tuesday. US economic sanctions against Iran took effect this week. Other sanctions, including those targeting Iranian crude, will resume in November. Watch oil trade in real time here. Crude oil prices extended gains Tuesday as the Trump administration's sanctions against Tehran kicked in, setting the stage for a drop-off in production from the world's fifth-largest producer. West Texas Intermediatecrude jumped 0.9% to $69.50 per barrel at 10:30 a.m....
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