‘Americans need to wake up’: Iran calls on US voters to reject Trump ahead of elections
The letter also accused Trump of concealing the peaceful nature of Iran's nuclear programme, which Israel in particular sees as an existential threat.
West Texas Intermediate (WTI), the US crude oil benchmark, rose above $88.00 on Wednesday as US President Donald Trump stated he would not be willing to ease sanctions on Iran. Traders monitor the release of the Energy Information Administration (EIA) crude oil stockpiles report later in the day. Despite efforts, Qatar failed to mediate a breakthrough between the US and Iran, raising concerns of renewed tensions between the two nations.
The US crude oil inventories increased last week, with crude oil stockpiles rising by 1.019 million barrels. Analysts believe improving supplies could cap further gains, while geopolitical risk premium persists in oil prices due to uncertainty over sanctions relief and negotiations.
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