The Globe and Mail | Oil down, retreats from 3-1/2 year high ahead of US holiday The Globe and Mail Oil's early gains came after the website president.ir quoted Iranian President Hassan Rouhani as dismissing Washington's attempt to stop Iran's oil exports “because it has no meaning for Iranian oil not to be exported, while the region's oil is exported.”. Morgan Stanley hikes oil price forecast to $85 as Trump targets Iranian barrels US sanctions on Iran: Indian Oil chairman confident about oil supply Oil Surges Above $75 in New York as Supply Outages Outpace OPEC |