Oil rises after Trump withdraws from the deal with Iran

Oil rose during the Asian trading session after President Donald Trump announced that the US would withdraw from the nuclear agreement with Iran and re-sanction the country. This has led to an increase in oil prices.
US crude oil rose $1.58 to $70.64 a barrel after it fell by 1.67 dollars to 69.06 dollars a barrel on Tuesday. Brent rose 1.85 dollars to 76.70 dollars a barrel, after losing the previous day of 1.32 dollars.
Meanwhile, the Japanese Nikkei 225 fell 0.4 percent to 22 412.96 points, while the South Korean leading index lost 0.1 percent of its value. Hang Seng, Hong Kong, added 0.5% to 30 552.57 points.
According to market observers, geopolitical risks are rising, especially related to Iran and the price of oil.