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Global Business News

The Economic Times

Global Business / The Economic Times

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Oil climbs after Trump denies he is willing to ease sanctions on Iran

Oil prices surged following US President Donald Trump's clear stance of not easing sanctions on Iran. Meanwhile, Qatar voiced optimism for peace discussions between the US and Iran, focusing on finding shared interests. Additionally, September saw a notable rise in crude oil exports from the Middle East. In the US, crude and gasoline inventories increased last week, while distillate stocks fell.

30 Sep 2026 7:31 am