Mixed stock market reaction to president’s comments, while IMF chief warns of inflation and slower growth
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Oil traded at more than $110 a barrel on Tuesday after Donald Trump said all of Iran could be “taken out” in one night.
Brent crude, the international benchmark for oil prices, rose by 1% to $111 a barrel. New York light crude rose 2.6% to $115.3 a barrel.
Investors are growing increasingly anxious as Trump escalates his threats against Iran, demanding it reopen the strait of Hormuz as part of any deal to stop the war.
