International and US crude futures have risen after US President Donald Trump threatened economic sanctions on Iran’s trading partners, raising expectations of tighter supply in the coming weeks, Reuters reports.
International benchmark Brent crude futures have risen by 8 cents, or 0.09 per cent, to $93.86 a barrel as of 1540 GMT (8:40pm PKT). US West Texas Intermediate crude is up 16 cents, or 0.18pc, at $86.99.
The Brent benchmark has gained more than 6pc while WTI has risen more than 5pc this week, with both touching their highest since July 24 in the previous session.
