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strikeOct 8, 2026

Oil prices hit $105 and stocks tumble as Trump considers renewed strikes on Iran

Summary

The prospect of an escalation in the seven-month war also sent U.S. stocks lower and bond yields higher.

Actors involved

Iran

Sources

  • Steve KopackBy Steve Kopack

    The price of oil jumped sharply Thursday, as President Donald Trump weighs whether to resume large-scale U.S. military operations against Iran in the coming weeks. Brent crude oil rose more than 5% to more than $105 per barrel in early trading, while U.S. crude oil rose almost 5%…

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