Oil Prices Rise as Iran Sanctions Threat Lifts Supply Concerns

Oil prices rise as crude futures gained on Friday after US President Donald Trump threatened economic sanctions against Iran’s trading partners, increasing concerns over potential supply disruptions. International benchmark Brent crude futures settled at $94.39 a barrel, up 61 cents or 0.65%, while US West Texas Intermediate (WTI) crude futures closed at $87.06 a barrel, rising 23 cents or 0.26%.…