IMF: Iran sanctions could push oil to $140

IMF: Iran sanctions could push oil to $140 Sanctions on Iran could push oil prices up 30pc, taking the price of Brent crude to above $140 a barrel, the IMF has warned, Telegraph reported. In a note to G20 deputies, the IMF said that sanctions by OECD nations could cut 1.5m barrels per day (bpd) from supplies, causing a “large effect on prices” unless replacement supplies were found. “A halt of Iran’s exports to OECD economies... Read More