Oil prices edged up on Friday on news that U.S. President Donald Trump could be poised to impose new sanctions on multiple Iranian entities, firing geopolitical tensions between the two nations. Reuters reported that the U.S. administration is prepared to roll out new measures against more than two dozen Iranian targets following Tehran’s ballistic missile test, according to sources, but the package was formulated in a way that would not violate the 2015 Iran nuclear deal. Brent crude futures had risen 28 cents, or 0.5 percent, to $56.84 a barrel by 0123 GMT (08:23 p.m. ET), after settling down 24 cents at $56.56 in the previous session. Front month U.S. crude futures, also known as West Texas Intermediate, climbed 29 cents, or 0.5 percent, to $53.83 a barrel, after ending Tuesday […]