[Tue, 25 Feb 2025 13:00:53 +0300]


New York - Saba:
Oil prices rose in trading on Tuesday for the second day in a row as concerns about supply scarcity increased due to new US sanctions on Iran.

US West Texas Intermediate crude futures rose by 0.58% to $71.11 per barrel, while global Brent crude futures rose by 0.48% to $75.14 per barrel.

In yesterday's trading, US crude futures rose to settle at $70.70 per barrel, while Brent futures ended trading up 0.45% at $74.78 per barrel.

Earlier, the US Treasury Department announced new sanctions targeting several individuals, entities and ships linked to Iran.

The US Treasury had previously imposed sanctions on an international network that it said "facilitated the shipment of millions of barrels of Iranian crude oil worth hundreds of millions of dollars to China."

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