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Wednesday, May 9, 2018

Oil Prices Reach Highest Levels In Over 3 Years


Oil prices jumped to multi-year highs on Wednesday. That's after President Donald Trump announced plans to leave the Iran nuclear deal. In his announcement, Trump said that the US will reimpose the "highest level of economic sanctions" on Tehran. This could put hundreds of thousands of crude barrels at risk. Under the sanctions, firms have a 90- to 180- day wind-down period to cut ties with Iran. Iran makes up about 5% of the global oil supply. https://ift.tt/2rqL8PR http://www.wochit.com This video was produced by YT Wochit News using http://wochit.com

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