Brent crude oil futures LCOc1 were up 50 cents to $74.25 per barrel at 0928 GMT (5.28 a.m. ET) and U.S. West Texas Intermediate (WTI) crude futures CLc1 were up 29 cents at $69.30 a barrel. A first batch of U.S. sanctions against Iran, which shipped out almost 3 million barrels per day (bpd) of crude in July, officially came into effect at 12:01 a.m. U.S. Eastern time (0401 GMT) on Tuesday. The reimposed sanctions target Iran’s U.S. dollar purchases, metals trading, coal, industrial software and its auto sector. “It is a reality check that this is happening and that Iran’s oil exports will be hurt when the oil sanctions […]