CNBC Daily Open: Traders on edge despite reserve hopes
Government
Taken from CNBC’s Daily Open, our international markets newsletter — Subscribe today Oil continued its wild ride Tuesday, closing more than 11% lower, as traders believed a group of countries would tap emergency crude reserves to mitigate disruption caused by the war in the Middle East. The sharp drop came despite aggressive rhetoric from U.S. President Donald Trump and Defense Secretary Pete Hegseth about attacking Iran, with Hegseth saying Tuesday "will be our most intense day of strikes."
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