Oil rises after US killing of top Iranian general fuels war fears

Oil rises after US killing of top Iranian general fuels war fears

World oil prices jumped on Friday after the US killed a top Iranian general, fanning fresh fears of conflict in the crude-rich Middle East, with Tehran warning of "severe" retaliation.
EU readies unprecedented Iran oil, bank sanctions

EU readies unprecedented Iran oil, bank sanctions

The European Union is readying its toughest action to date against Iran, moving to dry up funding of its contested nuclear drive by targeting both its oil and financial sector, diplomats said Friday.