Donald Trump Says US Military Families Can Leave Parts of Middle East
- President Donald Trump announced on Wednesday that the U.S. is relocating non-emergency personnel and allowing military dependents to leave parts of the Middle East amid rising tensions.
- This move followed increased conflict concerns between the U.S. and Iran, with Trump expressing doubt about a nuclear deal and stating, "They can't have a nuclear weapon, very simple."
- On Wednesday, crude oil prices surged over 4%, with Brent crude futures rallying 4.81% to close at $69.81 per barrel, driven by geopolitical risks tied to U.S.-Iran tensions.
- Following the personnel move announcement, oil prices eased on Thursday to $69.47 per barrel, while oil ETFs surged and the Dow Jones Industrial Average dropped nearly 300 points.
- The evacuations and price volatility underscore persistent geopolitical risks that may disrupt oil supplies until more clarity arises from ongoing U.S.-Iran nuclear negotiations.
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Oil ETFs Surge Over 6% As Trump Orders Middle East Evacuation Amid Iran Tensions, Warns Region 'Could Be Dangerous' - ProShares Ultra Bloomberg Crude Oil (ARCA:UCO), United States Oil Fund (ARCA:USO)
Crude oil prices and the ETFs that track the commodity are surging higher amid escalating tensions in the Middle East, sending prices to a two-month high.
·New York, United States
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Oil prices ease as market assesses Middle East tension
Oil prices eased on Thursday, reversing gains made earlier in the Asian trading session, as market participants assessed a U.S. decision to move personnel from the Middle East ahead of talks with Iran over the latter's nuclear-related activity.Brent crude futures were down 30 cents, or 0.4 per cent, to $69.47
·Singapore
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Total News Sources34
Leaning Left2Leaning Right3Center6Last UpdatedBias Distribution55% Center
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- 55% of the sources are Center
55% Center
L 18%
C 55%
R 27%
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