Brent climbs 1.11% to $103.73 as Trump rules out easing Iran sanctions; gold holds near $4,180
Oil prices rose after President Trump ruled out easing Iran sanctions, reinforcing geopolitics-driven supply risk premia even as Qatar pursues talks. Brent outperformed WTI, signaling tighter perceived seaborne supply. Gold steadied near recent highs as easing energy-inflation fears competed with elevated U.S. Treasury yields. In FX, a strong dollar pressured the euro to multi-month lows and pushed the Aussie below 0.70, tightening broader financial conditions.
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NCCO1OILBRENT2USD/USDT+0.67%
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Brent crude futures rose 1.11% to $103.73 a barrel after US President Donald Trump ruled out easing sanctions on Iran, while WTI added 0.38% to $89.72. Gold was steady around $4,180 an ounce as investors weighed softer oil prices against higher US Treasury yields. Silver edged up 0.1% to $61.54. In currencies, the euro slid to its lowest since May 2025 at $1.1339, while the Australian dollar fell below $0.70.