Oil Prices Climb as Trump Rules Out Easing Iran Sanctions
Crude oil prices ticked higher today, after dipping on Tuesday, following reports that President Trump has no intention of easing sanction pressure on Iran, which has decimated exports from one of OPEC’s biggest producers. At the time of writing, Brent crude was trading at $103.13 per barrel, and We
Source: OilPrice.com
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DW NOTE
Trump has ruled out lifting sanctions on a country that's already under naval blockade and whose oil exports ceased weeks ago. The Strait remains closed — one ship has passed since Friday versus the usual 85 per day — and Brent is trading at $96, not $102 as the stale OilPrice.com widget claims. This is a non-event dressed up as price action.