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President Donald Trump announced "major combat operations" against Iran on Feb. 28, with massive joint U.S.-Israeli strikes.
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The president was asked about the ceasefire after an escalation of fighting in the Middle East.
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;Resize=(620)) The price for a barrel of Brent crude oil, the international standard, rose to about $79 US on Wednesday following the resumption of strikes in the Middle East. Major U.S. indexes also followed global markets on a downward trajectory.
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US President Donald Trump has used the Nato summit to criticise the lack of support for his war on Iran, and revive his interest in taking over Greenland.
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Crude oil prices jumped and stock prices fell after President Trump declared an end to the ceasefire with Iran, adding fresh uncertainty to an already shaky outlook for the global economy.
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The price of oil surged more than 6% on Wednesday after President Donald Trump said that the ceasefire deal with Iran was "over" after the two countries trades strikes following attacks on three oil tankers near the Strait of Hormuz.
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;Resize=(620)) Donald Trump said ?an interim agreement to end the war with Iran was "over" after Tehran carried ?out new attacks on U.S. bases in the Gulf, as the president said the U.S. would likely engage in additional strikes on Wednesday night.
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President Trump said he believes the current ceasefire with Iran is over following an exchange of attacks between the U.S. and Iran in the latest escalation straining the agreement to end the war.
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The president appears to be confronting the consequences of a cease-fire deal cobbled together in haste, with little movement toward resolving the key issues driving the conflict.
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