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Evening Standard

Business

Anna Wise

Oil price falls to three-month low and stocks rally on hopes of US-Iran deal

United States Iran Oil Donald Trump Middle East

Stocks have tumbled across the UK and Europe after US President Donald Trump’s weekend wave of tariffs and warnings that the European Union will be next (PA) -

Oil prices have fallen to a three-month low and stocks are rallying after Donald Trump claimed he was close to reaching a deal with Iran, sparking fresh hopes among investors.

Financial markets were rebounding at the end of a week which began with renewed tensions in the Middle East.

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