Trump Threatens Bombing Iran Again if G7 Deal Talks Fail, Lifting Oil Above $80
Updated
Updated · CNBC · Jun 17
Trump Threatens Bombing Iran Again if G7 Deal Talks Fail, Lifting Oil Above $80
3 articles · Updated · CNBC · Jun 17
Summary
At the G7 summit in France, Donald Trump said the U.S. would “go right back to dropping bombs” if he does not like the Iran deal, which he said is “not final.”
Crude prices turned higher after the remarks, reversing direction after Tuesday’s slide had pushed oil to its first settlement below $80.
That earlier drop in oil helped lift the Dow Jones Industrial Average above 52,000 for the first time, even as the S&P 500 and Nasdaq retreated on weakness in chip stocks.
The comments injected fresh geopolitical risk into markets already focused on the Federal Reserve’s policy decision later Wednesday, where rates are widely expected to stay unchanged.