Oil prices rose on Tuesday on growing evidence of falling crude exports from Iran, OPEC’s third-largest producer, before the imposition of new U.S. sanctions and a partial shutdown in the Gulf of Mexico due to Hurricane Michael. Monday. Brent hit a four-year high of $86.74 last week. U.S. light crude was up 45 cents at $74.74. “The oil market mood is exceptionally bullish, with fears growing that the U.S. demands for an Iran oil embargo could cause a significant supply shortfall,” said Julius Baer commodities research analyst Carsten Menke. Iran’s crude exports fell further in the first week of October, according to tanker data and […]