Crude oil prices strengthened as US announced new sanctions against Iran last Friday. After Iran's missile test, the US Treasury Department listed 13 people and 12 entities that would face sanctions. In retaliation, Iran rapidly imposed its own set of sanctions against US.
from Oil N' Gold Focus http://www.oilngold.com/ong-focus/insights/trumps-new-iranian-sanctions-lifted-oil-prices-2017020634207/
Trump's New Iranian Sanctions Lifted Oil Prices
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