Reuters | Oil near multi-year highs as Iran sanctions tighten supply outlook Reuters LONDON (Reuters) - Oil prices steadied near 3-1/2 year highs on Friday as the prospect of new U.S. sanctions on Iran tightened the outlook for Middle East supply at a time when global crude production is only just keeping pace with rising demand. Iran Says Trump Is Driving Up Oil Prices Oil Holds On to Gains After Trump's Iran Decision How Much Iranian Oil Can Trump Disrupt? |