HOUSTON: Oil prices rose on Thursday after the United States issued new Iran-related sanctions and renewed tensions in the Middle East countered strength in the dollar.

Brent crude futures settled up $1.22, or 1.72 per cent, at $72 a barrel.

The US West Texas Intermediate crude (WTI) contract for April expired on Thursday, and settled up $1.10 or 1.64pc at........

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