Skip to content
Guavy Logo GUAVY
Sign up
Back to Guavy Wire
Commodities

Trump Denies Plans to Ease Sanctions on Iran, Oil Prices Rise

Guavy AI Editorial Team
Instruments
Oil
Share

Oil prices rose on Wednesday after US President Donald Trump denied reports that he was willing to ease sanctions on Iran. The denial led to a slight increase in oil prices, with Brent crude futures for November delivery rising by $0.60 to $103.19 a barrel.

US WTI crude futures for November delivery gained $0.15 to $89.53 a barrel. Trump's denial of the Axios report contradicts claims that he was considering offering sanctions relief in exchange for Iran abandoning its nuclear program.

The American Petroleum Institute reported that US commercial crude inventories rose by 1.02 million barrels last week, and investors are awaiting official inventory data from the Energy Information Administration later on Wednesday.

More on Commodities

Commodities 3m ago

Algeria Welcomes Brazilian DDG Imports Amid Global Market Expansion

Commodities 3m ago

Gold Prices Rebound Ahead of US Inflation Data

Commodities 4m ago

Southern Copper Stock Soars on Surging Copper Prices

Disclaimer: Guavy is a data and market intelligence provider, not an investment adviser. The information, signals, and market analysis provided by the Guavy API and related services are for informational purposes only and are not intended as financial advice, investment recommendations, or an endorsement of any particular trading strategy. Trading in volatile markets, including cryptocurrency, carries significant risk and may not be suitable for all investors. Past performance is not indicative of future results. Users should consult with a qualified financial professional before making any investment decisions. Guavy makes no guarantee of trading profits or financial returns.

Guavy Logo GUAVY

Market sentiment intelligence for apps, funds & agents

Location

729 55 Ave SW
Calgary AB T2V 0G4
Canada

Navigate

Markets

Resources

© 2026 Guavy Inc

Terms Privacy Policy