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Brent and WTI crude futures each climbed more than 1% after President Trump said the U.S. does not need a deal with Iran, comments that traders read as reducing the prospect of near-term sanctions relief and normalized Iranian exports. The move extends oil's sensitivity to Middle East headlines, with the benchmark contracts reacting to a single statement rather than any change in supply data. Traders will watch whether the gains hold through the session and whether follow-through appears in official inventory figures and OPEC+ guidance.

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Brent (OIL), WTI (OIL), Donald Trump, Iran

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