Oil prices rise with eyes on Iran, UAE; AI concerns weigh on stocks
Donald Trump
NEW YORK, April 28 : Oil prices rose on Tuesday as investors assessed the stalemate in the Iran conflict and news that the United Arab Emirates was cutting ties with OPEC, while concerns that the AI boom was losing momentum weighed on equity markets. U.S. bond prices also slid, with yields up on concern over the effect of high energy prices on inflation. U.S. President Donald Trump is unhappy with the latest Iranian proposal on resolving the two-month war, a U.S. official said, dampening hopes
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