EU Agreement to Embargo Iranian Crude Pushes Oil Prices Higher

摘要

Brent crude rose for the second straight session Wednesday, closing at a sevenweek high after the European Union reached a preliminary agreement to ban imports of Iranian crude, escalating tensions in the West’s standoff with Tehran that has gripped oil markets for weeks. European diplomats said they had a preliminary agreement, but had yet to decide when an embargo would be put in place. The news sent Brent crude up nearly $2 a barrel.