A trader works on the floor of the New York Stock Exchange during morning trading on August 13, 2025 in New York. (Photo by ANGELA WEISS / AFP)
NEW YORK, United States — World oil prices dived Wednesday and stock markets rallied on fresh hopes for an end to the Iran war.
US President Donald Trump said he believed a deal with Iran was “very possible”, but threatened to resume his bombardment of the country if negotiations fell apart.
International oil benchmark Brent North Sea made a double-digit plunge to under $100 a barrel, before cutting losses, finishing down 7.8 percent at $101.27 a barrel.
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