CNBC | Oil rises above $80, Saudi Arabia plans output increase CNBC Oil edged above $80 a barrel on Monday, lifted by nervousness over a worsening diplomatic crisis between Saudi Arabia and the West, just two weeks before U.S. sanctions potentially choke off Iranian crude supplies. Saudi energy minister Khalid al-Falih ... Brent oil rises back above $80 as Iran sanctions loom US fears Russia will help Iran evade oil sanctions Oil edges up on looming Iran sanctions, but US-China trade war caps gains |