Oil Jumps After Trump Says US Doesn’t Need Deal With Iran

President Donald Trump stated Thursday that the United States does not need a deal with Iran, citing U.S. control of the Strait of Hormuz. Oil prices rose following the comments, erasing earlier losses. Bloomberg reported that the conflict remains unresolved, while CNBC reported the comments raised concerns that an end to the U.S.-Iran war was not imminent.

• Bloomberg — Oil Jumps After Trump Says US Doesn’t Need Deal With Iran
• CNBC — Oil prices jump after Trump says no Iran deal needed: 'We've got their Strait'

Next story