Iran oil price nearing $70
In the week ending on April 20, Iran's oil price reached its peak in 2018 so far, i.e. about $70 per barrel.
The average price of Iranian light crude oil hit $68.79 per barrel, with an increase of $1.68.
The average price of Iranian light crude oil has been $65.39 a barrel, and the average of the Iranian heavy crude oil has been $63.88.
Also, OPEC oil, with an increase of $1.83, hit $69.5 in the week ending on April 20.
The US West Texas Intermediate (WTI) crude oil experienced a 1.54 raise and settled at $67.58 a barrel. Brent rose $2.1 and reached 73.15.
The consequences of the triumvirate attack made by the US, the UK, and France on Syria are said to have been the reason of the oip price increase.