Oil prices are rising after tightening restrictions on Iran and Russia

Oil prices have risen as the United States intensified sanctions against Iran and Russia, which scared the decline on Thursday, after the expectation of the ‘International Energy Agency’ bleed. The price of ‘Brent’ crude oil rose to about $ 70 a barrel after it fell 1.5% in the previous session, and the crude price of Western Texas dropped to below $ 67. The White House imposed the sanctions on the Iranian oil minister and on more businesses and ships to transport the state of the state of the “organization of oil -executive countries” (OPEC), while limiting the options for the payment options. The expectation of an oil surplus took place on Thursday after the ‘International Energy Agency’ said the surplus of the supply is expected to increase in depth as the rising trade war has demand, in a time of ‘OPEC+’ to gradually increase the supplies. This decline has placed the interim ‘West Texas’ crude oil on the eighth weekly loss path, which has been the longest period since August 2015, although Brent’s global RU -RU has only declined for the fourth week.