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Brent Crude Jumps to $103 After Trump Denies Iran Sanctions; Fuel Prices Stable in India
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Moneycontrol•30-09-2026, 12:20
Brent Crude Jumps to $103 After Trump Denies Iran Sanctions; Fuel Prices Stable in India
- •Brent crude rose to $103.73 a barrel, a 1.11% increase, after President Trump denied an Axios report about offering Iran sanction relief.
- •Trump stated on Truth Social, "This is untrue. I offered them NOTHING," regarding the alleged offer for steps on Iran's nuclear program.
- •Petrol and diesel prices across major Indian cities remained largely unchanged on September 30.
- •LPG domestic cylinder rates were stable, while commercial LPG saw slight increases in some cities.
- •CNG prices remained steady in most cities, with minor increases observed in Mumbai, Chennai, and Meerut.
Key Questions Answered
Brent crude rose $1.14 or 1.11% to reach $103.73 a barrel, while WTI added 34 cents to stand at $89.72 in early trade on Wednesday.
President Trump explicitly denied an Axios report claiming he was willing to offer Iran sanction reliefs and release frozen funds, writing on Truth Social that it was untrue and that he offered them nothing.
No, petrol and diesel prices across India remained unchanged, and LPG and CNG rates mostly held steady with a few exceptions like minor decreases in Bhubaneswar and localized revisions for commercial LPG and CNG.
