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Oil and gas prices rose sharply after President Trump rejected a deal with Iran, ending hopes for a diplomatic breakthrough. The stalemate pushed Brent crude up about 3%, lifted European natural gas prices, and strengthened the dollar to a two-month high. Gold futures fell 3% as investors bet on Federal Reserve rate hikes. Trump also demanded that Axios retract a story about Iran sanctions relief, calling it a hoax.
by WorldBrief & Maksim Micheliov | AI-generated summary
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