Oil prices edge higher following death of Iran’s president
Oil prices rose slightly on Monday after a helicopter carrying the Iranian president Ebrahim Raisi crashed Sunday afternoon.
All passengers onboard the helicopter, including the 63-year-old president, the country’s foreign minister Hossein Amirabdollahian and six others, were killed when the helicopter crashed in the northwestern mountainous forests.
Brent crude rose 46 cents to $84.43 at 8.01am BST on Monday, the highest in May. Meanwhile, West Texas Intermediate crude climbed 28 cents to $80.36 a barrel at 8.31am BST. Iran exported $35.87 billion worth of crude oil in the 12 months ending March 2024, the Iranian Labour News Agency reported last month, quoting the head of customs administration Mohammad Rezvanifar.
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