Economic Times | Commodities watch: Crude oil market tightens more, prices have upsides Economic Times India imports large quantities of oil from Iran, though the country has suggested it would comply with Washington; Beijing, meanwhile, has not committed to an agreement to stop buying Iranian oil, and rising trade tensions with the US may make such an ... US crude rises 1%, settling above $74 for first time since Nov 2014 as sanctions on Iranian oil loom Oil gains on anticipation of US sanctions on Iran Oil Spikes On Supply Disruptions |