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Markets on Edge as Trump’s Iran Ultimatum Looms

By: Andrew Ross Sorkin, Bernhard Warner, Sarah Kessler, Michael J. de la Merced, Niko Gallogly, Brian O’Keefe and Michelle Leder

On: April 7, 2026

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Oil prices are rising and stocks are selling off as investors fret that the president will carry out his threats to “decimate” Iran.

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