Business | Oil & Gas
Oil rising on weak dollar, Iran war threat, Opec president says
Oil prices, which reached a new record last week, will keep rising if the dollar continues to fall and if oil producer Iran is attacked, the president of the Organisation of Petroleum Exporting Countries said.
- Oil jumped as high as $147.27 a barrel on July 11 after the Jerusalem Post said Israeli war planes practiced over Iraq, possibly preparing for a strike against Iran.
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