Oil rises despite reserve release talks, Trump suggesting Iran war nearing end

Oil prices continued to climb on Wednesday despite growing calls for an emergency release of strategic crude reserves and remarks by US President Donald Trump signaling the war with Iran may be nearing its end, Anadolu reports. International Brent crude futures traded above $90 per barrel, extending gains amid ongoing market volatility triggered by the Middle East conflict, after retreating to around $80 and then rising 12.5%. US benchmark West Texas Intermediate (WTI) also advanced, holding around $88 as traders weighed the risk of supply disruptions against signs that the military confrontation could soon ease. Trump told CBS News on Monday that the war with Iran was “very complete, pretty much,” suggesting that the conflict may end soon and helping […]