CNBC | Oil prices rise ahead of potential shortfall in Iran supply CNBC Oil prices rose on Thursday, driven by the prospect of a shortfall in global supply once U.S. sanctions against Iran come into force. Saudi Arabia will quietly add extra oil to the market over the next couple of months to offset a drop in Iranian ... Oil Climbs After Perry Says US Won't Tap Emergency Supplies Oil rises as US dismisses prospect of releasing crude from the strategic reserve India should reduce or stop crude oil import from Iran: Moody's |