Oil prices choppy after expletive-laden Trump threat to Iran
Brent crude rose above $110 before those gains eased after a report of US-Iran talks over a potential ceasefire.
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Brent crude rose above $110 before those gains eased after a report of US-Iran talks over a potential ceasefire.
Oil prices have soared after Donald Trump vowed in a televised speech to hit Iran 'extremely hard' over the coming weeks, knocking hopes of a near-term end to the conflict in the Middle East. Brent crude prices jumped by as much as 8% on Thursday to $109.74 a barrel, reversing Wednesday’s drop when hopes of a de-escalation in the Iran war pushed the international benchmark below the $100-a-barrel mark at one point.
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