All the day’s economic and financial news, as energy prices hit fresh three and a half-year highsBreaking: Brent crude has smashed through $80/barrel this morningIntroduction: Total will quit Iranian gas fields without sanctions waverMove undermines Europe’s efforts to preserve Iranian nuclear deal Macron calls for protection for EU companiesShipping giant also planning to quit Iran 3.00pm BST Another voice adding to those suggesting oil has much further to climb. Following news that Total will quit Iran unless it gets a waiver from the US, the boss of the French energy giant has predicted crude at $100 a barrel:#BREAKING Total CEO says oil price could hit $100 ‘in coming months’ 2.37pm BST Worries about the trade talks between the US and China, along with President Trump’s withdrawal from the Iranian nuclear deal, continue to unsettle US equity investors.Add to that US bond yields hitting a new seven year high and a disappointing update from Cisco, and Wall Street has opened in negative territory. The Dow Jones Industrial Average is currently down 26 points or 0.1% while the S&P 500 and Nasdaq Composite slipped by similar amounts at the open. Continue reading…
Via: Brent crude oil hits per barrel as Total threatens to quit Iran – business live
Categories: English News