Donald Trump

Oil prices continue to move higher after Trump calls off Iran deal

     
Oil prices continue to move higher after Trump calls off Iran deal

Let’s talk about oil this week.

President Donald Trump set off a chain reaction this week in the oil markets when he pulled out of 2015 Iran-nuclear deal and reinstated sanctions on the Middle East nation. The move prompted oil prices to move higher as investors digested the news, while energy company stocks also increased on the prospect of higher prices.

Crude oil climbed to its highest price since 2014 because Iran is the world’s fifth-largest oil producer, and reinstating sanctions will limit Iran’s ability to export oil.

Continue reading Oil prices continue to move higher after Trump calls off Iran deal at Movement Mortgage Blog.

About the authors

We are a dedicated team specializing in the 6-hour, seven day mortgage process. We're here to guide you through the home-buying process every step of the way.

Meet the team

About Movement Mortgage

Movement has grown from a small team of 4 to over 4,000 employees with more than 500 locations across 46 states. Inc. Magazine recognized Movement Mortgage as the fastest-growing mortgage bank in the country.

Learn more about movement