GLOBAL IRAN SANCTIONS
PLATTS - Oil futures rallied Wednesday as traders digested the likely consequences of the US withdrawal from the Iran nuclear agreement. ICE Brent crude settled $2.36/b higher at $77.21/b, while NYMEX June crude settled $2.08/b higher at $71.14/b. The July Dubai cash flat price was assessed at $73.90/b on Wednesday, its highest level since it reached $74.205/b on November 26, 2014, S&P Global Platts data shows.
US President Donald Trump announced Tuesday the US will withdraw from the Iran nuclear deal and put "powerful"…
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