Oil Prices Surge as Trump Threatens Iran Deal
Business & Finance News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Oil prices surge as Trump hints at Iran sanctions, potentially cutting Irans exports and tightening global supply. Brent crude nears $110 a barrel, highest since 2014. US light crude rises to $71.86. Trump faces May 12th deadline for decision. Analysts predict Irans exports could drop to 2.1 million barrels per day by June. US crude stocks fall 4.1 million barrels last week. Venezuelas output crashes to 1.5 million barrels per day. Keep an eye on official US inventory numbers and Trumps next move.
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