Oil prices rise and stocks fall after Trump warns of possible resumption of military operations with Iran
U.S. President Donald Trump’s statements impacted global oil and stock markets.
Trump said the ceasefire with Iran is “on life support,” warning that he is considering the possibility of resuming major military operations.
Brent crude, the global oil benchmark, rose by 2.5% to $106.8 per barrel.
West Texas Intermediate (WTI), the U.S. benchmark, also climbed by 3% to $101 per barrel.
He also described Iran’s latest counterproposal to end the war as “a piece of trash.”
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