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Brent crude oil hits $80 per barrel as Total threatens to quit Iran - business live

All the day’s economic and financial news, as energy prices hit fresh three and a half-year highsBreaking: Brent crude has smashed through $80/barrel this morningIntroduction: Total will quit Iranian gas fields without sanctions waverMove undermines Europe’s efforts to preserve Iranian nuclear deal Macron calls for protection for EU companiesShipping giant also planning to quit Iran 11.16am BST US crude oil has also hit its highest level since 2014.It’s up nearly 1% at over $72 per barrel, mirroring today’s rise in Brent crude (which is sourced from the North Sea)US Crude...

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Published By: theguardian.com - Thursday, 17 May