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Brent Crude Price Climbs Above $80 A Barrell.

: 05/17/2018 - 15:59

The oil price has climbed above 80 dollars a barrel for the first time in three-and-a-half years - over concerns about tensions in Iran.

Brent crude has been rising as supplies tighten - and the decision by Donald Trump to pull out of an international nuclear deal with Tehran has added to the pressure.

It's likely to mean higher prices at the pumps.

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