The Globe and Mail | Oil rises as US sanctions on Iran expected to tighten supply The Globe and Mail Oil prices rose about 1 percent on Tuesday after U.S. sanctions on Iranian goods went into effect, intensifying concerns that sanctions on Iranian oil, expected in November, could cause supply shortages. Brent crude oil futures rose 89 cents to $74.64 ... Analysis: Saudi crude oil production data catches market by surprise, but not all are convinced Oil Rises as Trump Issues 'Biting' Sanctions on Iran US aims to crush Iran oil sector in next wave of sanctions |