Oil surges on threats from Donald Trump
Brent rises above $70 after the US president threatens to impose sanctions on Iraq amid escalating tension with Iran
Singapore — Oil prices shot more than 2% higher on Monday, with Brent rising above $70 a barrel, after US. President Donald Trump issued a threat to impose sanctions on Iraq amid escalating tensions with Iran in the Middle East.
Brent crude futures soared to a high of $70.27 a barrel at 0222 GMT, up $1.67, or 2.4%, from Friday's settlement...