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Oil jumps over 5% after Trump says deal with Iran ‘over’
BENGALURU: Oil prices jumped more than 5 percent on Wednesday, hitting a two-week high after US President Donald Trump said the memorandum of understanding to end the conflict with Iran was “over,” renewing fears of disruptions to Middle East oil supplies. Brent crude futures gained $3.82, or 5.15 percent, hitting $77.98 a barrel at 11:32 a.m. Saudi time, while US West Texas Intermediate crude climbed $3.70, or 5.25 percent, to $74.14 a barrel. The benchmarks are at their highest levels since June 23.
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channelnewsasia.com
Oil surges, stocks tumble as Trump declares Iran MOU 'over'
Brent crude futures were a long way below the war's peak prices but rose enough to wobble the bond market by increasing inflation risks.
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Oil jumps over 5% after Trump says deal with Iran 'over'
July 8 : Oil prices jumped more than 5 per cent on Wednesday, hitting a two-week high after U.S. President Donald Trump said the memorandum of understanding to end the conflict…
