Oil prices are still increasing with America's promise to strangle Iranian rough

Oil prices rose for the second day after the United States promised to reduce Iran’s energy export to zero, in a move that lit geopolitical tension and raised concerns about the offer. Brent rough rose above the $ 66 level level, after rising by about 2% on Wednesday, setting the contracts over the course of its first weekly profit this month. As for the mediator “West Texas” RAW, it traded almost $ 63 a barrel. US Treasury Secretary Scott Payette said his country would apply the greatest pressure to disrupt the Iranian oil supply chain, after imposing sanctions on a second Chinese refinery who was accused of dealing with Iran’s oil. The US Treasury said Shandonging Chemical Co. Ltd., a small and independent refinery known as ‘tea refiner’ is called, handles the value of more than a billion dollar of Iranian rough, contrary to the sanctions. On the other hand, Tehran warned that the emerging core conversations with Washington could collapse if the Trump administration decided to ‘change course’. The impact of the sanctions is limited and alternative supply chains expand despite the US escalation. Experts believe that the impact of these sanctions can be limited. “Iran and China have created supply chains and payment mechanisms outside the international financial system, which” reduces the possibility of major disorders. “The recovery this week is also supported by US government data which showed a decline in shares in coastal, Oklahoma, a ‘West Texas’ -Fo Point, with 650 thousand barrels to reach its lowest levels for this time of the year since 2008. However, the prize gains are still shy compared to a previous drop of more than $ 10 a barrel. the year as a recipes of the short -lived, a futures. The accumulated stock of Kazakhstan, which is historically known for the non -commitment to the shares, recorded an increase of more than 40%. The trading of oil futures will stop on Friday due to an official holiday in many countries.