Trump's Statements Cause Oil Price Rise, Stock Market Fall

Washington. Due to US President Donald Trump's latest statement, crude oil prices have increased in the international market while the stock market has declined.

President Trump, speaking to Fox News on Sunday, stated that if a deal with Iran could not be reached, the US might bomb again and could 'take control' of the Strait of Hormuz, a sea lane crucial for global energy trade. The increase in oil prices was seen after his warning was made public.