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AAP
AAP
Business
Adrian Black

Shares dip, oil soars after Trump ramps up Iran threats

Donald Trump United States Iran Oil ASX Australia Lukas Coch
US President Donald Trump's live address has done nothing to calm nervous financial markets. (Lukas Coch/AAP PHOTOS)

Aussie shares have tumbled and oil is surging, after US President Donald Trump threatened to send Iran "back to the Stone Ages" while declaring his military campaign nearly complete.

The S&P/ASX200 reversed early gains to end 92.3 points lower on Friday, down 1.06 per cent, to 8,579.5, as the broader All Ordinaries lost 110.7 points, or 1.25 per cent, to 8,774.9.

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