Oil up 2pc as Iran official says country will keep enriched nuclear material

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Oil prices have risen about two per cent after Iran’s security chief said Tehran would not allow any enriched nuclear material to leave the country, feeding supply worries that have lifted prices off two-month lows hit the previous session, Reuters reports.

Washington says nuclear issues must be part of any initial negotiations with Tehran aimed at ending the US-Israeli war on Iran.

Brent futures are up $2.15, or 2.35pc, at $93.64 a barrel as of 1704 GMT (10:04pm PKT). US West Texas Intermediate crude has gained $1.69, or 1.96pc, to $87.73.

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