While you were sleeping: Wall St, oil slip as Trump exits Iran deal

Tue, 08 May 2018

By Margreet Dietz May 9 (BusinessDesk) - Wall Street and oil prices slid after US President Donald Trump announced the US pulled out of an international nuclear deal with Iran and will reimpose sanctions, renewing concern about geopolitical tensions. “We will be instituting the highest level of economic sanction,” Trump said at the White House. “Any nation that helps Iran in its quest for nuclear weapons could also be strongly sanctioned by the United States.” West Texas Intermediate crude traded 1.5 percent weaker at US$69.67 a barre...

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