Oil price jumps and markets slide after Trump warning to Iran
by Kalyeena Makortoff and Graeme Wearden from World news | The Guardian on (#74NQB)
Brent crude rises 8% as US president vows to hit Iran extremely hard' over coming weeks
Oil prices soared and stocks sank after Donald Trump vowed in a televised speech to hit Iran extremely hard" over the coming weeks, knocking investors' hopes of a near-term end to the conflict in the Middle East.
Brent crude prices jumped by 8% on Thursday morning to pass $109 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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