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Brent crude rises over $1 to $103.73 as Trump denies proposing Iran sanctions relief
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Brent crude oil futures rose by more than $1 to $103.73 per barrel on Tuesday, according to a Reuters report. The price increase was attributed to former U.S. President Donald Trump's denial of reports that he had proposed easing sanctions on Iran. The denial removed expectations of a potential increase in Iranian oil supply, which had been weighing on prices. The market reacted sharply to the statement, reversing earlier losses. The report highlights the sensitivity of oil markets to geopolitical developments and policy signals regarding major oil-producing nations.
Source report
Brent crude oil futures surged more than $1 to reach $103.73 per barrel, after former President Donald Trump denied reports that he had proposed easing sanctions on Iran.
Source
rtrsWestern
Part of this Story
Trump denies Iran sanctions easing; oil prices swing on conflicting reports