Business Highlights

DALLAS (AP) -- US oil has shot above $70 a barrel for the first time since late 2014, foreshadowing costlier gasoline and consumer goods. It's not clear that higher crude prices will threaten economic growth, however, and stocks are moving higher. Many factors are behind the increase including the possibility that President Donald Trump will scrap the deal that eased sanctions on Iran. That could pinch exports from that key oil producer. SEATTLE (AP) -- Nestle is paying more than $7 billion to handle global retail sales of Starbucks's coffee and tea outside of its coffee shops.