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Iran, IAEA Agree on New Safeguards Plan | Arms Control Association

Iran, IAEA Agree on New Safeguards Plan | Arms Control Association
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Oil spikes to 2008 highs as US, Europe mull Russian oil import ban

SINGAPORE: Oil prices soared more than 9 percent on Monday, touching their highest since 2008. Oil prices rose as the United States and European allies mull a Russian oil import ban and delays in the potential return of Iranian crude to global markets fueled tight supply fears. Brent crude futures jumped $12.61, or 10.6 percent, to $130.72 a barrel by 0449 GMT, while US West ....

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