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Oil Prices Climb as Trump Rules Out Easing Iran Sanctions

Summary by Oil Price
Crude oil prices ticked higher today, after dipping on Tuesday, following reports that President Trump has no intention of easing sanction pressure on Iran, which has decimated exports from one of OPEC’s biggest producers. At the time of writing, Brent crude was trading at $103.13 per barrel, and West Texas Intermediate was trading at $89.53, both set to end the month with a gain. For Brent, the gain is more pronounced, at around $10 per barrel,…

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Brent crude futures rose $1.14, or 1.11%, to $103.73 a barrel. Oil prices rose on Wednesday as U.S. President Donald Trump denied he was willing to ease sanctions on Iran, while Qatar stepped up diplomatic efforts to start peace talks. The gains followed losses in the previous session, when prices were pressured by a rebound in Middle Eastern crude supplies. Brent crude futures rose $1.14, or 1.11%, to $103.73 a barrel. U.S. crude is at $89.72 a…

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Oil prices rose on Wednesday, September 30, after US President Donald Trump denied that he was willing to ease sanctions on Iran, and ...

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Oil Price broke the news in New York, United States on Wednesday, September 30, 2026.
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