Oil prices rise after US evacuates officials in the Middle East over Iranian threat
CommSec's Tom Piotrowski has analysed the key drivers of increasing oil prices after they rose by more than four per cent amid tensions in the Middle East.
'There have been directives from the US government to evacuate officials in the Middle East from different jurisdictions, and this turns around some threats that have been made by the Iranian leadership,' he told Sky News Australia.
'That has contributed to that unease when it comes to the Middle East in particular.'
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