Oil retreats after hitting four-year high on concern of US-Iran war escalation
Mădălin Mihai
LONDON, April 30 : Global oil prices jumped to a four-year high of more than $126 a barrel on Thursday on concerns that the U.S.-Iran war could worsen and lead to a protracted Middle East supply disruption that could hurt global economic growth, but later retreated. The market had moved higher earlier after Axios, citing unidentified sources, reported on Wednesday that U.S. President Donald Trump is slated to receive a briefing on Thursday on plans for a series of military strikes on Iran in
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