Oil rises amid the fears of supplies after US sanctions against Iran

Oil prices rose for the second consecutive day, today, Tuesday, after the United States imposed new sanctions on Iran, which raised fears of supplies.

By 02:17 GMT, Brent crude futures increased by 38 cents, or 0.51%, to reach $ 75.16 a barrel, while US West Texas Intermediate crude futures rose 43 cents or 0.61% to record $ 71.13 a barrel.

Al -Shadan recorded gains in the previous session, after losing two dollars on Friday, according to Reuters.