“Oil prices spiked on Wednesday to the highest level in weeks after President Trump said that he thought the cease-fire with Iran was ‘over’ amid a series of strikes in the Persian Gulf,” the New York Times reports.
“The Trump administration also revoked a waiver that allowed Iran to sell oil in retaliation for attacks on tankers this week in the Strait of Hormuz, a crucial conduit for the world’s energy.”
NewsNation: Oil prices jump 5 percent after U.S. revokes Iran oil sanctions waiver.
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Eight moments in political history. Put them on a timeline.
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