Oil Prices Increase Over U.S.-Iran Deal Fears

OIL PRICES PLUNGE AHEAD OF TRUMP ANNOUNCEMENT ON IRAN

(CNN) – Rising oil prices just passed another milestone, jumping above $70 per barrel in Monday morning-s trade in Asia.

Oil prices have been climbing partly because of expectations that president Donald Trump will abandon the 2015 Iran nuclear deal, which allowed Iran to export more crude oil.

This is the first time the U.S. crude benchmark has been above $70 since November 2014.

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