Tuesday, September 29, 2026

Oil prices climb to $106 a barrel, Trump says he did not offer Tehran sanctions relief

Oil prices are rising for a second successive session, with Brent crude futures gaining 63 cents, or 0.6 percent, to reach $105.91 a barrel as of 00:30 GMT.

US West Texas Intermediate (WTI) crude went up 72 cents, or 0.8 percent, to trade at $93.32.

The gains came as lingering concerns over Middle East supply disruptions brought about by the US war on Iran outweighed signs of recovering crude exports from the region, Reuters reported.

 Trump says he did not offer Tehran sanctions relief

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