Trump Snuffs Out Rumors of Sanctions Easing on Iran

Oil prices have climbed following US President Donald Trump's denial of easing sanctions on Iran.

The news came after reports emerged that the White House was considering lifting some restrictions on Iranian oil exports in exchange for concessions from Tehran.

However, Trump took to social media to deny these claims, stating 'No deal was made with China, my representatives never even spoke to him or the Chinese about a thing.' The statement was seen as an attempt to downplay the US-China trade tensions.