OPEC Seeks Quick Resolution Of US, Venezuela, Iran Conflicts The Organisation of the Petroleum Exporting Countries (OPEC) has stressed the need for a quick resolution of the conflicts between the United States, Venezuela and Iran. Following geopolitical conflicts, the U.S. has placed sanctions on Iran and...

Oil Prices Rise Over Iran Sanctions  Oil prices rose on Thursday, fuelled by expectations the United States will re-impose sanctions against Iran, a decline in output in Venezuela and ongoing strong demand. Brent crude oil futures were at 74.27 per barrel at 0643 GMT, up 27...