RealNews

Oil hits new peaks on Iran fears

Crude oil prices have climbed to a record high in the UK, amid reports that the US is considering military options in the nuclear row with Iran. UK benchmark Brent crude settled $1.57 higher at $68.86, after hitting a peak of $68.93, while US sweet light crude rose $1.36 to close at $68.75. Washington has rejected a media report that it is preparing for a military strike on Iranian nuclear facilities. Geopolitical tensions concerning Iran have kept oil prices high recently. Full Story

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