From Investing.com: 2025-03-21 00:59:00

Additional sanctions on Iranian oil exports are boosting oil prices, with ICE settling over 1.7% higher at US$72/bbl, the highest this month. The US targeted Chinese refiner Shandong Shouguang Luqing Petrochemical Co., Ltd for buying Iranian crude oil. OPEC+ announced output cuts until June 2026, compensating for overproduction. US natural gas prices dropped 6.4% due to higher storage levels. The International Grains Council predicts increased global grain production and consumption for 2025/26.



Read more at Investing.com: Crude Oil Prices Surge as US Cracks Down on Iranian Exports