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News 2026-09-30 01:35 UTC

Oil climbs after Trump denies easing sanctions on Iran

Brent and WTI rose after Trump denied he was willing to ease sanctions on Iran, while Qatar said it hopes shuttle diplomacy can lead to a breakthrough. Brent was on track for a 14% monthly gain and oil shipments through Hormuz were the highest since February.

News 2026-09-30 01:35 UTC

Oil climbs after Trump denies he is willing to ease sanctions on Iran

By Helen ClarkOil prices rose on Wednesday after US President Donald Trump denied he would be willing to ease sanctions on Iran while Qatar pushed for peace talks, after falling in the previous session on a recovery in crude supply from the Middle East.Brent crude futures ICEEUR:BRN1! rose $1.14, o…