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Oil prices today: Brent at $104.50 — Can Trump's 2.25 million barrel diesel deal offset Iran war risks?

Summary by Hindustan Times
Oil prices today: Brent crude hits $104.50 as Trump's 2.25 million barrel Russian diesel deal faces risks from Iran war tensions and Strait of Hormuz attacks.

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Despite Trump and Putin's agreement on an energy truce and the release of 500,000 tons of Russian diesel exports, international oil prices remain high, with a barrel reaching $106, a two-week high. Markets remain concerned about the escalation of hostilities involving Iran and the ... More www.ertnews.gr

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Donald Trump is convincing Americans that fuel prices will soon return to pre-Iran conflict levels. However, market data shows that the US president has limited influence on the situation. Rising tensions in the Middle East, oil supply disruptions, and record diesel prices are maintaining pressure on drivers and the economy as a whole.

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Hindustan Times broke the news in New Delhi, India on Monday, October 12, 2026.
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