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The Economic Times
The Economic Times
Business

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

Oil United States Donald Trump Iran Middle East Qatar

Oil 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 rose $1.14, or 1.11%, to $103.73 a barrel by 0131 GMT. US West Texas Intermediate crude 34 cents, or 0.38%, to $89.72.

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