Oil climbs above $100 as Iran denies Trump talks

Brent crude rose back above $100 a barrel as uncertainty persisted over President Donald Trump’s claims of talks with Iran, which officials in Tehran denied.

Brent climbed 2.9 percent to $102.84, while U.S. benchmark West Texas Intermediate rose 3.5 percent to $91.20.

The rebound followed a sharp drop a day earlier after Trump said he had delayed strikes on Iran’s power plants following “very good” talks.

Iranian officials accused him of attempting to manipulate oil and financial markets with the comments.