Oil Prices Climb as Trump Rules Out Easing Iran Sanctions

Crude oil prices ticked higher today, after dipping on Tuesday, following reports that President Trump has no intention of easing sanction pressure on Iran, which has decimated exports from one of OPEC’s biggest producers. At the time of writing, Brent crude was trading at $103.

13 per barrel, and West Texas Intermediate was trading at $89. 53, both set to end the month with a gain. For Brent, the gain is more pronounced, at around $10 per barrel, while for WTI, the gain would be about $3 per barrel.