US increases pressure on Iranian oil, triggering oil price spike | Business| Economy and finance news from a German perspective | DW | 22.04.2019
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Business

US increases pressure on Iranian oil, triggering oil price spike

The US is putting pressure on Iran to drive Tehran's exports to zero. The State Department is expected to announce the end of waivers for countries to import Iranian oil on Monday. Oil prices rallied by about 3 percent on the news, with Brent Crude reaching more than 73 point 86 US dollars a barrel.

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