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Commodities

Trump's Iran Sanctions Keep Oil Prices High

Guavy AI Editorial Team
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Oil
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Oil prices have risen as President Donald Trump's administration continues to apply pressure on Iran with no plans for easing sanctions.

The increase comes after a brief dip earlier in the week, according to oilprice.com. Brent crude is now at $103.13 per barrel and West Texas Intermediate (WTI) at $89.53, both of which are set to finish the month higher.

Sugandha Sachdeva, founder of India-based SS WealthStreet, notes that persistent uncertainty over sanctions relief and negotiations is maintaining a 'geopolitical risk premium' in prices. While improving supplies could limit further gains, renewed disruption or escalation in tensions could spark another rally.

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