Brent oil breaks US $ 85 mark for the first time since November 2014


Economy22: 09 01.10.2018 (updated 22:11 01.10.2018) Short URL Brent's barrel passed Friday the threshold of $ 85 for the first time since November 10, 2014. Experts explain by the coming into force of US sanctions against Iran.According to the market data at 20:40 (Paris time), the Brent oil futures for December delivery rose 2.8%, reaching $ 85.05 a barrel.
For its part, the price of WTI rose above $ 75 a barrel for the first time since July 3 to $ 75.09, according to market data.
Experts link this rise to the next entry into force of US sanctions against Iran.
On May 8, US President Donald Trump announced that his country was withdrawing from the agreement signed in 2015 between major powers and Iran, which then agreed to curb its nuclear program in exchange for the lifting of a part of international sanctions.
On August 6, President Trump signed a decree reinstating a number of sanctions against Iran, claiming to seek to impose "maximum economic pressure" on the Islamic Republic. The second part of the sanctions must be reinstated on November 4th. Washington has also threatened sanctions against countries that will buy Iranian crude from that date.