Oil prices climb after Trump's denial
Oil prices rose on Wednesday after U.S. President Donald Trump denied plans to ease sanctions on Iran, amid Qatar's diplomatic efforts to achieve progress in the U.S.-Iranian situation. Brent crude increased by 1.11%, reaching $103.73 per barrel, while U.S. West Texas Intermediate rose by 0.38% to $89.72. Brent is heading for approximately a 14% monthly gain, the largest since July, while WTI has maintained a 4% increase. These gains come amid growing concerns over potential restrictions on U.S. diesel exports and rising tensions related to the Iranian conflict, as mediation efforts between Iran and the United States continue.
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