CNBC | Brent oil hits highest since 2014 before US sanctions on Iran bite CNBC Brent crude oil hovered close to its highest since November 2014 on Monday, supported by supply concerns before U.S. sanctions against Iran come into force next month. Benchmark Brent crude oil futures rose 36 cents to $83.09 at 8:36 a.m. ET (1236 GMT ... Brent oil hits highest price since 2014 before US sanctions on Iran bite Oil prices reach four-year high ahead of US sanctions on Iran Ignore The Hype – Oil Prices Aren't Going Back To $100 |