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The Guardian - UK
The Guardian - UK
World
Lauren Almeida

Oil price falls and markets rally after Trump says Iran war over in ‘two to three weeks’

Donald Trump gesturing as he is sat down at a desk in the Oval Office
Donald Trump said the US was ‘finishing the job’ in Iran. Photograph: Aaron Schwartz/CNP/Shutterstock

Oil prices tumbled and stock markets have rallied across the world after Donald Trump said the war in Iran would end in “two to three weeks”.

Brent crude, the international benchmark for oil, fell as low as $98.35 a barrel on Wednesday, down more than 15% on the previous day and its lowest level in a week. It later recovered some ground, ending the day at $102.

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