[MARKET UPDATE]: Oil prices sell off as Trump says good talks are being held with Iran, but downside reversed as Trump says bad things will happen to Iran if no deal is made
The mixed statements from President Trump about negotiations with Iran have caused volatility in oil prices, initially leading to a sell-off due to optimism about potential talks.
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[MARKET UPDATE]: Oil prices sell off as Trump says good talks are being held with Iran, but downside reversed as Trump says bad things will happen to Iran if no deal is made
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- US President Trump also warned they may have to take it a step further on Iran, noting they have some work to do.
However, his warning of negative consequences if an agreement isn't reached suggests that markets may be pricing in continued uncertainty and geopolitical risk, which could support oil prices if tensions escalate again.
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