Trump Cancels Iran Peace Talks, Oil Markets Whiplash

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Trump Cancels Iran Peace Talks, Oil Markets Whiplash

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President Trump abruptly halts Iran peace talks, citing infighting and wasted time. Irans top diplomat visits Pakistan for talks, but leaves before U.S. team arrives. U.S. Navy blocks Iranian oil supertankers, causing oil prices to surge. Global oil supply plummets by one fifth, sparking fears of a demand crash and price spikes.

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