News > Crude oil price surges to highest since 2008 on delays in Iranian talks

Crude oil price surges to highest since 2008 on delays in Iranian talks

Topologypro | 08/03/2022 10:52 AM | Click to read full article

Oil prices soared to their highest since 2008 due to delays in the potential return of Iranian crude to global markets and as the United States and European allies consider banning imports of Russian oil.

Talks to revive Iran's 2015 nuclear deal with world powers were mired in uncertainty on Sunday following Russia's demands for a U.S. guarantee that the sanctions it faces over the Ukraine conflict will not hurt its trade with Tehran.