Markets Insider | Oil rallies as Iran sanctions kick in Markets Insider Crude oil prices extended gains Tuesday as the Trump administration's sanctions against Tehran kicked in, setting the stage for a drop-off in production from the world's fifth-largest producer. West Texas Intermediate crude jumped 0.9% to $69.50 per ... 5 Top-Ranked Oil Stocks to Buy as Iran Sanctions Return OIL PRICE CRISIS: US sanctions on Iran could cause prices to SKY-ROCKET to $90 a barrel |