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Oil Prices Rise on New Iran Sanctions Threat

Crude oil futures rose after Donald Trump threatened economic sanctions on Iran trading partners. The move raised supply concerns as geopolitical tensions persist.

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Sunset clouds glow over pump jacks at the Airankol oil field operated by Caspiy Neft in the Atyrau region, Kazakhstan, April 21, 2026. REUTERS/Pavel Mikheyev

Brent Crude Oil rose to $94.39 a barrel on Friday after the United States threatened sanctions on Iran trading partners. The benchmark climbed 61 cents or 0.65%, while West Texas Oil settled at $87.06 a barrel, up 23 cents or 0.26%.
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