Oil rises on Trump's Iran threats, stocks mixed
Briana Lupea
Oil prices jumped after the US president threatened to blow up Kharg Island and Iran’s oil infrastructure, while US stocks fell. NEW YORK: Oil prices rose as the Middle East crisis escalated Monday (Mar 30) with US President Donald Trump threatening to destroy Iran's main export terminal , and after the entry of Yemen's Houthi rebels into the war. European stocks rose but Wall Street's major indexes closed mostly lower as markets cast a wary eye on Trump's comments about negotiations to end the
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