The rise in oil prices worries Iran

Liputan6.com, Jakarta – World oil prices rise as a result of US sanctions against Iran. US sanctions could lead to a significant decline in Iranian crude exports.

According to Reuters Brent crude oil futures rose 23 cents to 77.85 USD per barrel. US crude futures for West Texas Intermediate (WTI) climbed 69 cents, or nearly 1%, to $ 73.45 per barrel

The price of US crude oil hit $ 74.03 at beginning of the session or the highest since 3, 5 years ago or rather November 26, 2014.

The United States encourages Allied countries to stop oil imports from Iran since last November . Donald Trump, a hard-hit government, will cut funding to Iran.

US authorities said Thursday that they would work case by case with other countries. China is the largest importer of Iranian oil and has not engaged in US policy.

"This sanction attempts to isolate Iran, potentially reducing the world's supply of oil," said Regional Strategist Investment at USS Wealth Management AS, Mark Watkins

"If you're importing Usually oil from Iran, you will definitely see a drop in supply, which will heighten the pressure on oil prices, "he added.

OPEC) to pump oil production in order to maintain the price equilibrium of more than 40 percent over the past year.