Oil price up on uncertainty after Iranian president's death

Oil price up on uncertainty after Iranian president’s death

May 20, 2024 Tóth Balázs

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Oil prices continued to rise on Monday amid political uncertainty in major producing countries after the Iranian president died in a helicopter crash and the Saudi Arabian crown prince cancelled a trip to Japan citing health concerns about the king.

Brent rose by 41 cents, or 0.5%, to $84.39 a barrel, after earlier rising to $84.43, the highest since 10 May.

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Oil price up on uncertainty after Iranian president’s death

Oil prices continued to rise on Monday amid political uncertainty in major producing countries after the Iranian president died in a helicopter crash and the Saudi Arabian crown prince cancelled a trip to Japan citing health concerns about the king.

Brent rose by 41 cents, or 0.5%, to $84.39 a barrel, after earlier rising to $84.43, the highest since 10 May.

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