Explained - How US, Iran tension might impact crude oil prices
Updated: May 20, 2019 02:14 PM IST
Oil rose to multi-week highs on Monday after OPEC indicated it would probably maintain production cuts that have helped support prices this year, while tension continued to escalate in the Middle East. US President Donald Trump threatened Tehran on Sunday, tweeting that a conflict would be the "official end" of Iran, while Saudi Arabia said it was ready to respond with "all strength" and it was up to Iran to avoid war. Zee Business expert Narendra Taneja explains the impact on crude prices.
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