NewsDialy
Economic pressure means sanctions and financial restrictions designed to cut a government off from international markets and hard currency.
Applied to Iran, an oil-producing country, that kind of pressure threatens to remove barrels from global supply.
Oil moved higher Thursday after President Donald Trump sharpened his administration's tone on Tehran, with the Treasury Secretary saying the United States intends to collapse Iran through those measures.
Fewer barrels from Iran means less crude reaching buyers. Oil prices respond to the expectation of that kind of tightening before any actual disruption arrives.
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