Economic

Oil jumps after U.S. abandons Iran deal, plans ‘highest level’ sanctions

“Oil prices rose more than 2 percent on Wednesday, with Brent hitting a 3-1/2-year high, after U.S. President Trump abandoned a nuclear deal with Iran and announced the ‘highest level’ of sanctions against the OPEC member amid an already tight market.”

Source: Oil jumps after U.S. abandons Iran deal, plans ‘highest level’ sanctions | Reuters

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