Live news: Oil prices jump after US imposes new sanctions on Iran’s ‘shadow fleet’
Brent crude, the global benchmark rose as much as 2.8 per cent to $73.86 a barrel on Tuesday, while WTI, its US counterpart, rose as much as 3.1 per cent to $70.23 a barrel. The sanctions are similar to those previously imposed two months ago in response to Iran’s missile attack on military sites in Israel,