Global oil price hits seven-month high as Middle East tensions rise

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propel
The global price of oil rose Tuesday to its highest level in seven months, propelled, in part, by concerns that mounting tensions in the Middle East could crimp supply.
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(verb) drive, push
crimp
The global price of oil rose Tuesday to its highest level in seven months, propelled, in part, by concerns that mounting in the Middle East could crimp supply.
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(verb) limit the growth or development of something
pare
Brent crude, the world’s oil benchmark, climbed as much as 1.8% to USD89 a barrel, the highest since early September, before paring those gains slightly mid-afternoon in Europe.
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(verb) trim, cut (off)
In essence
In essence, you have a situation where supply is coming in a bit short.
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(noun) when you consider the most important points
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author
Iran and Syria have accused Israel of authoring the attack.
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(verb) to be the author of a book or actions
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