Oil price gains have accelerated after the U.S. State Department demanded earlier this week that all countries stop imports from Iran from November.
The move is part of the U.S. strategy to squeeze Iran over its nuclear program and the expected disruption to global supply has boosted prices.
But this is not the only factor driving oil prices higher.
OPEC agreed to increase production last week, but the cartel didn't agree to as big an increase as the markets had been expecting.
Also in the m…
The move is part of the U.S. strategy to squeeze Iran over its nuclear program and the expected disruption to global supply has boosted prices.
But this is not the only factor driving oil prices higher.
OPEC agreed to increase production last week, but the cartel didn't agree to as big an increase as the markets had been expecting.
Also in the m…
