Oil jumps over 5% after Trump says deal with Iran ‘over’
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Oil jumps over 5% after Trump says deal with Iran ‘over’
REUTERS
PUBLISHED 1 HOUR AGO
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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 with Iran was “over”, renewing fears of disruptions to Middle East oil supplies.
Brent crude futures gained US$3.82, or 5.15 per cent, hitting US$77.98 a barrel at 4:32 a.m. ET, while U.S. West Texas Int…
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