Oil price on roller coaster ride as Iran escalation fears grow, recede

Donald Trump

April 6 (UPI) -- The price of oil seesawed in trading on Monday in response to the U.S. President Donald Trump 's threat to obliterate Iranian power plants and bridges unless Tehran allows shiping to flow freely through the critical Strait of Hormuz. Brent crude, the global benchmark, jumped to over $110 a barrel in trade in Asia before retreating slightly after reports emerged of talks to avert escalation involving a possible 45-day cease-fire. Amid improving sentiment following the news of a

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