Pound edges higher against the dollar while oil rises as Iran sanctions restart – live

Sterling still struggling on fears of a no-deal Brexit but recovers some of Monday’s losses

Here’s our latest story on the US sanctions on Iran:

Donald Trump has warned America’s trading partners that anyone who does business with Iran will not be doing business with the US, after his administration reimposed blanket sanctions.

The US president described the new sanctions, which hit Iran’s access to dollars, gold and precious metals, as “the most biting ever imposed”.

Related: Trade with Iran and you won’t trade with US, Trump warns

US markets are expected to open higher:

US Opening Calls:#DOW 25580 +0.30%#SPX 2855 +0.17%#NASDAQ 7453 +0.18%#IGOpeningCall

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