Upward move Oil prices today Wednesday, expanding the earnings of the previous day as investors weigh among others New round of US sanctions in Iran.

The Future Futal Fulfillment of Brent Oil They were boosted by $ 55, or 0.8%, to $ 67.99 a barrel, while US crude West Texas Intermediate increased by $ 54 cents or 0.9%to $ 64.21 a barrel.

The US has imposed new sanctions on Iran by targeting Iranian Seyed Asadoollah Emamjomeh and its corporate network yesterday, Tuesday. Emamjomeh’s network is responsible for the transport of Iranian LPG and crude oil worth hundreds of millions of dollars to foreign markets, the US Treasury said in a statement.

“The United States has imposed new sanctions aimed at Iran’s energy supply, which has worried markets,” said Maryanka Sachdeva market surveyor in Phillip Nova.

His decision marks an acceleration of Washington’s actions against individuals or entities involved in the trade of Iran’s energy exports without raw.

LPG is an important source of revenue for Tehranwhich uses revenue to fund its nuclear ambitions and support regional groups including Hezbollah, Houthi and Hamas, the Treasury said in a statement. Tehran and Washington have started talking about Iran’s nuclear program again, with Iranian officials demanding guarantees that US sanctions will be lifted to address US concerns.

Washington has long been targeting Iran’s crude exports. Several rounds of sanctions have influenced the way the country’s oil was delivered to buyers in China, though the flows seem to have recovered.