Oil jumps, risk assets fall as Trump threatens further strikes on Iran, says MOU is "dead"

The price of oil is up 7% today on a resumption of hostilities in Iran. WTI was last up $4.85 to $75.45. It had been trading near $72 until the US launched strikes followed by Trump saying he could strike again tonight. He also said the MOU was "dead", though he added the caveat that negotiations would continue and that he thought Israel would leave Souther…

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