💨 Abstract

On Tuesday, oil prices rose for a second day due to fresh U.S. sanctions on Iran, which increased concerns about a potential supply shortage, and strong global refining margins. Brent crude futures and U.S. West Texas Intermediate crude futures both experienced gains. The U.S. imposed sanctions on more than 30 entities involved in transporting Iranian oil, as President Trump aims to reduce Iranian crude exports to zero.

Courtesy: theprint.in

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