Crude oil price hike feared, in view of tensions over Iran’s nuclear program

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Crude oil prices have reportedly surged in Tokyo this morning, in view of tensions over Iran’s nuclear program.
Many investors placed buy orders, just after the market opened.
Iran announced yesterday, it will raise the level of uranium enrichment beyond the limit set by the 2015 Nuclear Deal signed between Iran and six world powers.
Investors are worried that tensions in the Middle East may further intensify, leading to a tightening of the oil supply.

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