Iranian oil prices rise as US blockade tightens supplies to China

Iranian oil prices rise as US blockade tightens supplies to China Iranian crude prices have climbed as fewer cargoes reach Chinese buyers under a tightening US blockade, Reuters reports. Traders said Iranian oil deliveries for September and October had fallen below volumes in July and August. Sellers have already placed much of the crude shipped earlier, leaving fewer barrels available. Iranian oil that traders offered at discounts is now commanding premiums as supplies tighten. The shift…