Global oil prices climb as Trump denies Iran sanctions relief, Brent holds above $103

today.line.me (Thai) —

Global oil prices rose Wednesday after President Donald Trump denied reports he would ease sanctions on Iran, with Brent crude holding above $103 per barrel. Brent November futures gained 71 cents, or 0.69%, to $103.30 per barrel, while WTI rose 43 cents to $89.81. Brent is on track for a 14% monthly increase, the largest since July, amid geopolitical risk premiums and recovering Middle East supply. Trump rejected an Axios report claiming he would offer sanctions relief and unfreeze Iranian assets in exchange for nuclear program concessions. Qatar continues pushing US-Iran peace talks, while Saudi Arabia resumed loading from Yanbu port after restarting its East-West pipeline.


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