
Iran Focus
London, 16 Oct – Donald Trump’s decertification of the Iranian Regime as compliant in the 2015 nuclear deal and the potential for new sanctions against the Middle Eastern country caused oil prices to rise dramatically on Monday.
The international benchmark for oil prices was valued at $57.82 at 01.56 GMT on Monday, October 16, up 65 cents, or 1.1 percent, from the previous close.
Many traders are concerned because they do not know which sanctions will be levied against Iran in the coming weeks by the US Congress and if sanctions are imposed, there may be an oil shortage which would lead to a much sharper price increase.



