Oil Market News, OPEC+, sanctions and price shocks

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Update

 

Oil prices jump after Trump says Iran supreme leader ‘should be very worried’​

  • President Donald Trump told NBC News in an interview that Iran’s supreme leader “should be very worried.”
  • Iran’s foreign minister said discussions on the Islamic Republic’s nuclear program will take place at 10 am Friday Muscat, Oman.
  • The president has threatened to launch strikes on Iran if it doesn’t agree to a deal governing its nuclear program.
Oil prices rose Wednesday after President Donald Trump said Iran’s Supreme Leader Ayatollah Ali Khamenei “should be very worried.”

U.S. crude oil rose $1.93, or 3.05%, to close at $65.14 a barrel. Global benchmark Brent was up $2.13, or 3.16%, to settle at $69.46 a barrel.

“I would say he should be very worried. Yeah, he should be,” Trump told NBC News in an interview. “As you know, they’re negotiating with us.”

The president has threatened to launch strikes on Iran if it doesn’t agree to a deal governing its nuclear program. He previously threatened to intervene on the side of protestors who rose up against the Islamic Republic in January, but ultimately backed away from military action.

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