Oil rose to the highest price in nine months in New York on speculation supplies may be disrupted after Iran’s oil ministry said it halted crude exports to French and British companies.
Futures climbed as much as 1.9 percent for a fourth day of gains, the longest rally since December. Iran will supply crude to “new customers” instead of French and U.K. companies, the Persian Gulf nation’s oil ministry news website Shana reported, citing Alireza Nikzad Rahbar, a ministry spokesman………………………………………..Full Article: Source