Oil prices are likely to rise as traders worry that US sanctions against major oil producer Iran will lead to a tighter market towards the end of the year.

“Overall, there is a fear of shortage or insufficiency of supply,” International oil and energy consultant Manouchehr Takin, an Iranian based in London, told New Europe by phone on September 6. “It is on the up side. In the last two days it fell by $2 on a short-term basis. But I think overall it would recover again. By how much, would it ...

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