Oil prices rose on Tuesday as the United States and Europe planned new sanctions to punish Russia over alleged war crimes in Ukraine, raising concerns of tighter global supply, while Iran’s nuclear talks with world powers stalled. Brent crude was up 90 cents, or 0.8%, to $108.43 a barrel at 0801 GMT, and U.S. West Texas Intermediate was up 78 cents, or 0.8%, at $104.06 a barrel. “With the European Union working on new sanctions that may target Russia’s oil industry, crude prices could edge up in the near term,” said Lukman Otunuga, analyst at FXTM. The West is planning new sanctions to punish Russia over civilian killings in Ukraine. U.S President Joe Biden’s national security adviser said new U.S. sanctions against Moscow would be announced […]