Oil Prices Rise Amid Reports Iran Will Keep Enriched Uranium Domestically
Oil prices rebounded after three consecutive declines as concerns over an extended conflict with Iran resurface. The reported directive from Iranian Supreme Leader Ayatollah Mojtaba Khamenei to retain near-weapons-grade uranium domestically has raised fears of prolonged supply disruptions, while the International Energy Agency warns global oil stocks may soon reach a critical level.
Topics: energy supply international relations Iran nuclear policy oil prices