Brent crude rises above $70 a barrel after Trump threatens Iraq sanctions, Iran retaliation

Oil prices shot more than 2% higher on Monday, with Brent rising above $70 a barrel, after U.S. President Donald Trump issued a threat to impose sanctions on Iraq amid escalating tensions with Iran in the Middle East.

Read more at https://www.cnbc.com/2020/01/06/oil-market-us-iran-tension-iraq-in-focus.html