Trump says he offered Iran ‘nothing’ as oil prices climb and new sanctions hit ten firms
Trump refuted reports of sanctions relief, while the U.S. Treasury sanctioned ten entities linked to Iran’s military, sending oil futures higher.
By Felo News Desk · Published
President Donald Trump wrote on Truth Social that he offered Iran no sanctions relief, a denial that coincided with a rise in oil prices and the U.S. Treasury’s sanctioning of ten firms tied to Tehran’s military.
What happened
On September 30, 2026, Trump posted “I offered them NOTHING!” in response to reports that the United States had agreed to ease sanctions on Iran in exchange for nuclear concessions. The same day, the U.S. Treasury announced sanctions on ten individuals and entities based in China, Pakistan, Turkey, Saudi Arabia and Iran for alleged procurement of weapons for Iran’s armed forces. Oil markets reacted, with Brent crude and U.S. WTI futures climbing after the president’s statement.
What the reports add
Independent.co.uk’s two bulletins provide overlapping details. The first bulletin notes that the sanctions are part of “Operation Economic Outcast” and lists the five countries involved. The second bulletin adds that three of the sanctioned entities are located in Iran itself and includes a direct quote from the Treasury’s statement about degrading the regime’s weapons programs. Both pieces cite the same Trump denial but differ in emphasis: one highlights Iranian Revolutionary Guard Corps (IRGC) urging voters to punish Trump, while the other quotes an IRGC spokesperson warning the U.S. will “inevitably leave this region.”
What was said
"This is untrue. I offered them NOTHING," Trump wrote on Truth Social, according to Independent.co.uk.
"Today's action further degrades the Iranian regime's ability to reconstitute its weapons programs and increases the costs for those who choose to aid Tehran's military procurement," the U.S. Treasury said in a statement, reported by Independent.co.uk.
Ebrahim Azizi, head of Iran’s parliament’s National Security and Foreign Policy Commission, told Independent.co.uk that Iran will remain in the region and that Israel’s days are “numbered.”
An IRGC spokesperson, also cited by Independent.co.uk, urged American voters to punish Trump’s “warmongering” at the November midterm ballot.
How it came about
Felo News previously covered Trump’s denial of sanctions relief on September 29, 2026 (Trump denies offering Iran sanctions relief amid Strait of Hormuz talks) and the subsequent oil price surge (Oil Prices Rise Above $100 as Trump Rejects Iran’s Hormuz Reopening Plan). Those articles set the stage for today’s developments, linking the president’s social‑media denial to market reactions and the Treasury’s new sanctions package.
Key facts
- President Donald Trump denied offering any sanctions relief to Iran on September 30, 2026. (independent.co.uk)
- The U.S. Treasury sanctioned ten individuals and entities in China, Pakistan, Turkey, Saudi Arabia and Iran. (independent.co.uk)
- Three of the sanctioned entities are based in Iran. (independent.co.uk)
- Oil prices rose after Trump’s denial, with Brent and WTI futures gaining. (independent.co.uk)
- Iranian officials urged U.S. voters to punish Trump in the upcoming November midterm elections. (independent.co.uk)
