U.S. Sanction

  • Oil prices rose more than 1 percent on Friday, with Brent climbing to a four-year high, as U.S. sanctions on Tehran squeezed Iranian crude exports, tightening supply even as other key exporters increased production, Reuters reported.

  • The United States on Friday imposed sanctions against a Thai aviation company that it said was acting on behalf of Iran’s Mahan Air, which it accused of ferrying troops and supplies into Syria in support of Syrian President Bashar al-Assad; Reuters reported.