Oil prices top $110 after Trump says Iran can be ‘taken out’ in one night
Mixed stock market reaction to president’s comments, while IMF chief warns of inflation and slower growth
https://www.theguardian.com/business/live/2026/apr/07/oil-price-rises-trump-deadline-iran-reopen-strait-of-hormuz-imf-business-live-news">Business live – latest updates
Oil traded at more than $110 a barrel on Tuesday after Donald Trump said all of https://www.theguardian.com/world/live/2026/apr/07/iran-war-live-updates-trump-hormuz-threats-deadline-strikes-middle-east-conflict">Iran could be “taken out” in one night.
Brent crude, the international benchmark for oil prices, rose by 1% to $111 a barrel.
New York light crude rose 2.6% to $115.3 a barrel.
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