Oil prices near 2014 highs as tensions over Iran continue

Washington, Oil markets held firm on Monday, with prices near late-2014 highs as a decision looms on whether the United States walks away from a deal with Iran and instead re-imposes sanctions on Tehran.

Brent crude oil futures were at $74.94 per barrel at 0035 GMT, up 7 cents, or 0.1 percent, from their last close. U.S. West Texas Intermediate (WTI) crude futures were also up 7 cents, or 0.1 percent, at $69.79 per barrel.

“Crude oil prices pushed higher as concerns over the impact of the U.S. pulling out of the Iran nuclear deal continue to drive investor sentiment,” ANZ bank said on Monday.

Source: Jordan News Agency