Oil rose as Saudi Arabia cut ties with Iran a day after its embassy in Tehran was attacked to protest the execution of a prominent Shiite cleric.
Futures climbed as much as 3.5 per cent in New York, extending Thursday’s 1.2 per cent advance. Iran’s Supreme Leader Ayatollah Ali Khamenei warned of repercussions and protesters assaulted the embassy with rocks and firebombs on Saturday. The following day Saudi Foreign Minister Adel al-Jubeir gave Iran’s ambassador...
Subscribe from just €1 for the first month!
All Digital Access + eReader
Unlimited Access for 1 Month
Then €19.99 a month after the offer period.
€149 For the 1st Year
Unlimited Access for 1 Year
90 Day Pass
Unlimited Access for 2 Years
Get a Business Account for you and your team