Other states threaten sanctions of the Americans

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Dhe oil prices continued to rise on Tuesday. This continued the previous day's trend as the United States government announced that it would no longer grant derogations for oil imports from Iran as of May. A barrel (159 liters) of the North Sea Brent last cost $ 74.48. That was 44 cents more than on Monday. The price of a barrel of the American West Texas Intermediate (WTI) rose 47 cents to $ 66.02.

Immediately after yesterday's decision, oil prices had risen sharply. Imports of Iranian oil into Italy, Greece, China, India, Japan, South Korea, Taiwan and Turkey have not yet been punished. The eight states are among the most important importers of Iranian crude oil. If these countries continue to receive oil from Iran after the deadline, they face sanctions from the Americans.

America put its hitherto toughest economic sanctions on Iran into force in November. These are aimed primarily at the Iranian oil industry, the largest source of revenue in the country. The United States accuses Iran of providing financial support to terrorist groups.

Saudi Arabia has meanwhile announced through its Secretary of Energy, Chalid al-Falih, that it will coordinate with other OPEC countries to ensure that sufficient supplies are available and that the market "does not lose its balance". According to Al-Falih, the country is watching the development of oil markets closely. According to Bloomberg, Saudi Arabia produced 9.82 million barrels a day in March.

. (tagsToTranslate) Oil Price (t) Dollar (t) Iran (t) United States (t) Brent (t) West Texas Intermediate

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