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Oil Jumps 7% as Trump Threatens Iran Hours Before Fed Decision
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Oil prices surged 7% on Wednesday as President Trump threatened Iran, pushing WTI above $84 and Brent toward $90. The rally came just hours before the Federal Reserve's interest-rate decision.
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Oil Jumps 7% as Trump Threatens Iran Hours Before Fed Decision
Oil prices surged 7% on Wednesday as President Trump threatened Iran, pushing WTI above $84 and Brent toward $90. The rally came just hours before the Federal Reserve's interest-rate decision. The price increase was driven by renewed U.S.-Iran hostilities and fresh threats to shipping through the Bab el-Mandeb. The Federal Reserve is expected to make a decision on interest rates, which could impact the global economy.
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