Oil rises on Iran sanctions, though U.S.-China trade war clouds outlook

Oil prices rose on Monday as markets were expected to tighten once U.S. sanctions against Iran's crude exports are implemented next month, Reuters reports.Front-month Brent crude oil futures LCOc1 were at $79.99 a barrel at 0558 GMT, up 21 cents, or 0.3 percent, above their last close.U.S. West Texas Intermediate (WTI) crude futures CLc1 were at $69.34 a barrel, up 22 cents, also 0.3 percent above their last settlement.