Oil futures set yet another new high this morning, trading above $92 for the first time in New York, as traders weighed new U.S. sanctions against Iran and increasing tensions between Turkey and Iraq. “When you’re talking Iran and Iraq, two of the biggest holders of oil reserves, no wonder markets are nervous,” said analyst Gavin Wendt at Fat Profets in Sydney. (Bloomberg)
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
SUBSCRIBE & SAVE
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
