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Trump denies offering Iran sanctions relief; Qatar pushes for peace talks

U.S. President Donald Trump has denied reports that he had offered sanctions relief to Iran in exchange for concessions from Tehran on its nuclear program.

US President Donald Trump has denied reports that he offered sanctions relief to Iran in exchange for concessions on its nuclear program. According to CNBC, Trump made the denial in response to earlier reports.

The reports had suggested that Trump was willing to ease sanctions on Iran in return for concrete steps from Tehran on its nuclear program. However, Axios reported that Qatar's efforts to mediate between the US and Iran have not yielded a breakthrough.

The situation is being closely watched by traders, with West Texas Intermediate crude oil prices edging higher after Trump's denial. According to FXStreet, traders are also awaiting the release of the Energy Information Administration's crude oil stockpiles report.

Brief written by urgent.news from CNBC, CNBC World, FXStreet — 3 reports on this story. Machine-written — may contain errors; check the original before relying on it.

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