Stock Market News

Oil shines, shares rattled as Trump dumps Iran nuclear deal

Crude oil prices jumped back to near 3 1/2-year highs on Wednesday after US President Donald Trump pulled his country out of an international nuclear deal with Iran, sparking worries about global oil supplies.

Asian shares ticked down as renewed US sanctions on Tehran were seen as disruptive for many companies that have deals with Iran.

MSCI’s broadest index of Asia-Pacific shares outside Japan dipped 0.1 percent in early trade while Japan’s Nikkei fell 0.4 percent.

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