US President Trump Rejects Iran Sanctions Removal, Oil Prices Rise
Summary
US President Donald Trump rejected the possibility of lifting sanctions on Iran, pushing crude oil prices higher in international markets. Brent crude rose to $103.73 per barrel and WTI climbed to $89.72 per barrel.
Key Points
- US President Donald Trump rejected lifting sanctions on Iran, helping push oil prices higher.
- Brent crude rose 1.11 percent to $103.73 per barrel by 01:30 GMT.
- US West Texas Intermediate crude gained 34 cents to $89.72 per barrel.
- Both Brent and WTI were headed for strong monthly gains amid tighter supply expectations.
