🔻Brent oil price rises by more than three percent

The price of a barrel of Brent crude oil rose by more than three percent to $96.07.

The price of West Texas Intermediate (WTI) also increased with a rise of more than two percent to $89.02 per barrel.

The rise in oil prices followed Donald Trump’s latest remarks on social media.

He said the United States does not need a deal with Iran. The comments reduced recent diplomatic optimism for ending the Iran war.