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RT Steve Rattner: Oil prices are up nearly $4.50 since Trump scrapped the MoU with Iran. Without a deal, the market is pricing in elevated oil prices …

RT Steve RattnerOil prices are up nearly $4.50 since Trump scrapped the MoU with Iran.Without a deal, the market is pricing in elevated oil prices through 2030. The margin of increase will likely go up if there is no progress on negotiations in the coming weeks.