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Stocks slump, oil surges after Trump says Iran ceasefire is over

Stocks slump, oil surges after Trump says Iran ceasefire is over
Photo: CBS Texas (KTVT) DFW · view original

Stocks tumbled on Wednesday after President Trump said the ceasefire with Iran is "over" and that it is "a waste of time dealing with them." Oil prices jumped 6% on concerns that a re-escalation of hostilities would jeopardize the flow of oil through the Strait of Hormuz.Mr. Trump's remarks come...

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