Oil stays above $103 after Trump denies easing sanctions on Iran

Sep 30, 2026 - 08:30
Oil stays above $103 after Trump denies easing sanctions on Iran

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Rising oil prices are reflecting a renewed uncertainty over US sanctions on Iran, with Brent crude surpassing $103 a barrel and WTI hovering around $89. As Qatar works hard to ease tensions between the United States and Iran, Saudi Arabia has resumed oil exports from the Red Sea, aiding recovery in regional supply.

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