Oil prices edge lower as traders assess conflicting signals from the US administration on potential Iran sanctions relief.
West Texas Intermediate crude trades at $103.20, down slightly in Asian hours as investors parse mixed messages from President Trump regarding US policy toward Iran. The benchmark remains below $103.50 after failing to sustain earlier gains.
Prior sessions saw WTI fluctuate between $102.80 and $104.10 amid shifting expectations over whether the US will resume or tighten sanctions. Comparable periods last month showed similar volatility tied to geopolitical developments.
Markets show muted reaction as traders await clearer signals on Iran negotiations or policy shifts.