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Evening Standard
Evening Standard
Politics
Holly Williams

Oil prices retreat and stock markets rally on Iran war resolution optimism

Iran Oil Donald Trump United Kingdom PA Graphics
The cost of crude oil eased back on the latest hopes of a resolution to the Iran conflict (Alamy/PA) -

The cost of crude oil eased back and financial markets rallied higher on the latest hopes of a resolution to the Iran conflict.

Brent crude fell back below 100 US dollars a barrel, down 2% at 99.89 dollars in morning trading on Wednesday, with US President Donald Trump suggesting the war could be over within two weeks, despite bringing thousands of troops to the region.

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