Brent oil rose on Wednesday, driven higher by a threat from an Iranian commander and a drop in U.S. crude inventories for the second week in a row. The price rose above $78 a barrel after an Iranian Revolutionary Guards commander said he was ready to prevent regional crude exports if Iranian oil sales were banned by the United States. The most-active Brent LCOc1 futures contract for September delivery settled up 48 cents at $78.24 per barrel. U.S. crude futures CLc1 were up 19 cents at $74.33 a barrel, within sight of Tuesday’s 3-1/2-year high above $75 a barrel. The U.S. market will not have a settlement price due to the U.S. Independence Day holiday. Iranian President Hassan Rouhani appeared on Tuesday to threaten to disrupt […]