US President Trump Rejects Iran Sanctions Removal, Oil Prices Rise

America. After US President Donald Trump rejected the possibility of lifting sanctions on Iran, the price of crude oil increased in the international market on Wednesday. With the supply of crude oil from Middle Eastern countries becoming easier, the oil price, which had decreased in the previous session, has risen again.

By 01:30 GMT, the price of Brent crude had increased by $1.14, or 1.11 percent, to $103.73 per barrel.