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Oil prices soar 10% as Trump's Iran war speech stokes fears of further escalation

Oil surged as Trump in his address to the nation on Iran war said that he expected the conflict to last another two to three weeks.

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U.S. crude oil tops $110 per barrel and Wall Street tumbles after President Trump vows to escalate attacks on Iran.

The S&P 500 opened sharply lower and oil prices surged by more than 10 percent after President Trump pledged to hit Iran “extremely hard.”

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The president promised a quick end to Iran war but offered no timeline and few strategy details