The Guardian | Why are oil prices soaring as US exits Iran nuclear deal? The Guardian Donald Trump's withdrawal from the Iran nuclear deal has raised concerns that the global supply of oil will be squeezed, pushing up the price of Brent Crude on Wednesday by almost 3% a barrel to $76.95. Oil price shoots higher as Trump quits Iran nuclear deal Oil Stocks Soar, Travel Shares Sputter as US Rejects Iran Deal What Trump's Iran decision means for oil and gas prices |