Skip to content
Subscriber Only
Markets
Economics

Crude Closes Near Three-Year High as Focus Remains on Iran Deal

  • No decision made on any withdrawal from Iran deal: Mattis
  • WTI crude has settled above $65 a barrel for last two weeks
China's XinJiang Beiken Energy Engineering Stock Co. Ltd. Drills For Ukraine Gas
Photographer: Vincent Mundy/Bloomberg
Updated on

Crude settled near a three-year high as investors gauged the potential of a U.S. exit from the Iran nuclear deal.

Futures ended the session 0.2 percent higher, closing above $68 a barrel for a third time this week. French President Emmanuel Macron’s prediction that the U.S. will pull out of the Iran nuclear accord stoked concerns about a renewal of sanctions that would slash crude exports from OPEC’s third-largest producer. U.S. Defense Secretary Jim Mattis said Thursday that there’s been no decision on the nuclear deal.