Oil stays above $103 after Trump denies easing sanctions on Iran

 Rising oil prices are reflecting a renewed uncertainty over US sanctions on Iran, with Brent crude surpassing $103 a barrel and WTI hovering around $89. As Qatar works hard to ease tensions between the United States and Iran, Saudi Arabia has resumed oil exports from the Red Sea, aiding recovery in regional supply. Rising oil prices are reflecting a renewed uncertainty over US sanctions on Iran, with Brent crude surpassing $103 a barrel and WTI hovering around $89. As Qatar works hard to ease tensions between the United States and Iran, Saudi Arabia has resumed oil exports from the Red Sea, aiding recovery in regional supply.