Oil prices edged higher on Monday, recovering some of Friday’s sharp losses as new U.S. sanctions on Iran and Iraq’s commitment to OPEC+ quotas raised concerns about near-term supply tightness. Brent settled at $74.78 (+0.5%), while WTI closed at $70.70 (+0.4%), rebounding from multi-week lows. The U.S. Treasury imposed fresh sanctions targeting Iran’s oil industry, […]
