Oil gains as new sanctions set to ratchet up pressure on Iran

By James Thornhill on 6/23/2019 SYDNEY (Bloomberg) —Oil extended its rally after the U.S. said it was preparing new sanctions against Iran, further escalating tensions between the two states. Futures in New York were up 0.5%, after surging 9.4% last week — the biggest weekly gain in more than two years. U.S. Secretary of State […]