Oil jumps after Trump threatens to hit Iran hard
By John Towfighi
Oil prices jumped Wednesday morning after President Donald Trump told Fox News that Iran is “going to get a beating” in response to an attempted attack on US forces.
Brent crude rose 5.8%, to $86.82 per barrel. US crude jumped 6.4%, to $84.30 per barrel.
Dow futures were down 330 points, or 0.6%. S&P 500 and Nasdaq 100 futures were each down about 0.1%.
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