Oil Prices Up On Iran Report

Oil prices rose on Monday after Iran resumed uranium enrichment, checks of its nuclear sites and sparked fears it might ultimately withhold exports in response to being hauled into the Security Council.

Light sweet crude was up 60 cents at $65.97 per barrel. London Brent gained 59 cents to $63.98 per barrel.

Iran has warned that any sanctions against it would send oil prices beyond a level industrialised economies could bear.