Feds warn Iran sanctions could make it harder to heat homes this winter

Published October 17, 2018 10:43pm ET



Higher oil prices as a result of sanctions on Iran could make it harder for Americans to pay their home heating bills this winter, the federal government said Wednesday.

The Energy Information Administration said in a report that it expects heating oil prices to be higher this winter than in 2017 because of higher global crude oil prices, driven up in part by market unease over U.S. sanctions on Iran kicking in Nov. 5.

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