Brent firm on iran's threats but mood cautious
1/10/2012 4:03:49 PM
SINGAPORE: Brent crude rose above $112.50 on Tuesday as tension over Iran's nuclear programme ratcheted up and on unrest in Nigeria, but gains are being capped by persistent worries about the strength of European economies after weak German data.
Iran confirmed on Monday that it has started uranium enrichment at the Fordow bunker near the city of Qom, which the U.S. state department called a 'further escalation' of violations of U.N. resolutions.
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