Oil hits four-year high as Trump warns blockade could last months; stocks slip
Oil prices climbed more than 5% to a four-year peak while stocks slipped after Donald Trump warned a US blockade of Iranian ports could continue for months amid stalled peace talks.
Oil prices soared more than five percent to a fresh four-year high Thursday, while stock markets eased. The moves followed Donald Trump's warning that a US blockade of Iranian ports could last for months as peace talks remained stalled.