Brent Trades Near 12-Year Low as Iran Comeback to Swell Glut

Updated on
  • Iran's sanctions relief frees country to ramp up exports
  • OPEC sees deeper decline in rivals' supply as U.S. falters

Oil Under $28: Counting the Cost

Brent crude traded near a 12-year low in London, briefly dipping below $28 a barrel, as the lifting of international sanctions on Iran paves the way for increased supply amid a global glut.

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