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The blow of US sanctions against OPEC’s third largest producer, Iran has put the global market in turmoil. On Monday, Brent crude broke 4 year record to hit the highest till date. Benchmark Brent rose by 0.6% and was traded at $83.27 a barrel, whereas, WTI went up by 0.4% and was traded at $73.57 a barrel. In future, prices are expected to reach a high of $100 per barrel.
