Oil plunges, stocks surge on Trump's Iran reprieve
Business
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Global crude oil prices fell about 10 percent and Wall Street stocks rallied after Donald Trump said he was holding off military strikes on Iran's power plants. The US president made the announcement following what he called "constructive talks" with Tehran, despite Iran denying it was negotiating a deal. Meanwhile, France is looking at the possibility of increasing the country's refining capacity to cushion the impact of higher petrol prices on consumers, but is stopping short of cutting fuel taxes.
