Oil prices rose for the fourth straight day on Monday to hit levels not seen since late 2014, boosted by the latest trouble for Venezuelan oil company PDVSA and the possibility that the United States could re-impose sanctions on Iran.
The UK has backed a “vitally important” nuclear deal with Iran, despite accusations from the US and Israel that Iranians are pursuing atomic weapons. Israeli PM Benjamin Netanyahu claims thousands of “secret nuclear files” proved Iran covertly sought nuclear weapons - an accusation Iran rejects.