{ "id": 10844328, "title": "Oil climbs after Trump denies he is willing to ease sanctions on Iran", "url": "https://urgent.news/2026/09/30/oil-climbs-after-trump-denies-he-is-willing-to-ease-sanctions-on-iran-10844328", "topic": "world", "section": "World", "published": "2026-09-30T02:57:00.000Z", "source": { "name": "Business Recorder", "slug": "business-recorder", "url": "https://www.brecorder.com/news/40441938/oil-climbs-after-trump-denies-he-is-willing-to-ease-sanctions-on-iran" }, "original_language": "en", "account": "Oil prices climbed on Wednesday following US President Donald Trump's assertion that he would not ease sanctions on Iran, as Qatar sought to broker peace talks. Brent crude futures soared $1.14, or 1.11%, to $103.73 a barrel by 0131 GMT, while US West Texas Intermediate crude increased 34 cents, or 0.38%, to $89.72. Brent is poised for a monthly rise of approximately 14%, its steepest gain since July, and WTI is on track for a 4% increase after surging past $106 for the first time since May. The disparity between the two benchmarks expanded to its widest in four months as traders monitored potential US plans to restrict diesel exports, which could generate an oversupply in the domestic market and compel US refiners to process less crude.\n\nSaul Kavonic, head of energy research at MST Marquee, noted that the situation remained volatile, with oil logistics expensive and constrained. Qatar expressed hope that shuttle diplomacy between Iran and the US could lead to a breakthrough, stating that they were exchanging messages and striving for a common ground to prevent the repercussions of conflict. However, Trump dismissed an Axios report citing US officials as saying he was willing to offer sanctions relief and release frozen Iranian funds in exchange for tangible steps from Tehran on its nuclear program. Trump tweeted on Truth Social, \"This is untrue. I offered them NOTHING.\"\n\nSaudi Arabia resumed loading oil tankers from its Red Sea port of Yanbu on Tuesday after restarting operations on the East-West Pipeline. Crude oil exports from Middle East producers surged in September to 16.328 million barrels per day, the highest level since the US-Israeli war with Iran erupted in late February. US crude oil and gasoline inventories rose, while distillate stocks fell last week, according to market sources citing data from the American Petroleum Institute. Crude stocks increased by 1.02 million barrels in the week ending September 25, sources reported. Official inventory data from the US Energy Information Administration is scheduled for release at 10:30 a.m. EDT (1430 GMT), with analysts polled by Reuters anticipating crude and product inventories to have declined.", "summary": "PERTH: Oil prices rose on Wednesday after US President Donald Trump denied he would be willing to ease sanctions on Iran while Qatar pushed for peace talks, after falling in the previous session on a recovery in crude supply from the Middle East. Brent crude futures rose $1.14, or 1.11%, to $103.73 a barrel by 0131 GMT. US West Texas Intermediate crude gained 34 cents, or 0.38%, to $89.72. Brent…", "key_points": [], "editors_take": null, "illustration": null, "coverage": { "outlets": 10, "also_reported_by": [ { "outlet": "Al Jazeera", "title": "Iran war live: Trump claims war will end ‘very soon’, gives no details", "url": "https://urgent.news/2026/09/30/iran-war-live-trump-claims-war-will-end-very-soon-gives-no-details", "published": "2026-09-30T00:00:00.000Z" }, { "outlet": "Channel News Asia", "title": "Oil climbs after Trump denies he is willing to ease sanctions on Iran", "url": "https://urgent.news/2026/09/30/oil-climbs-after-trump-denies-he-is-willing-to-ease-sanctions-on-iran", "published": "2026-09-30T01:39:32.000Z" }, { "outlet": "Times of India", "title": "Oil stays above $103 after Trump denies easing sanctions on Iran", "url": "https://urgent.news/2026/09/30/oil-stays-above-103-after-trump-denies-easing-sanctions-on-iran", "published": "2026-09-30T01:54:09.000Z" }, { "outlet": "Business Recorder", "title": "US sanctions 10 over procuring weapons for Iran", "url": "https://urgent.news/2026/09/30/us-sanctions-10-over-procuring-weapons-for-iran", "published": "2026-09-30T02:16:59.000Z" }, { "outlet": "Arutz Sheva - Israel National News", "title": "US sanctions 10 individuals and entities accused of aiding Iran’s weapons programs", "url": "https://urgent.news/2026/09/30/us-sanctions-10-individuals-and-entities-accused-of-aiding-irans", "published": "2026-09-30T02:20:19.000Z" }, { "outlet": "Kyiv Independent", "title": "US imposes sanctions against Russian companies tied to Iran weapons procurement", "url": "https://urgent.news/2026/09/30/us-imposes-sanctions-against-russian-companies-tied-to-iran-weapons", "published": "2026-09-30T02:28:13.000Z" }, { "outlet": "Gulf News", "title": "Trump says US war on Iran will end 'very soon' as IRGC calls it a failure", "url": "https://urgent.news/2026/09/30/trump-says-us-war-on-iran-will-end-very-soon-as-irgc-calls-it-a", "published": "2026-09-30T03:24:36.000Z" }, { "outlet": "The Indian Express", "title": "As Trump calls Sundar Pichai a ‘monster’, Google CEO responds", "url": "https://urgent.news/2026/09/30/as-trump-calls-sundar-pichai-a-monster-google-ceo-responds", "published": "2026-09-30T04:15:14.000Z" }, { "outlet": "Hindu BusinessLine", "title": "Crude oil futures gain as Trump denies reports of easing Iran sanctions", "url": "https://urgent.news/2026/09/30/crude-oil-futures-gain-as-trump-denies-reports-of-easing-iran", "published": "2026-09-30T04:17:29.000Z" } ] }, "ai_generated": true, "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original." }