EconomyOil tumbles after Trump rules out immediate escalation with Iran

Oil prices retreated sharply after Trump signaled that further escalation with Iran was not on the table. Brent crude fell back above $90 a barrel for the first time since late August. Nvidia slid amid spying allegations involving its CEO as broader markets surged, while Anthropic’s IPO faced turbulence after its valuation nearly halved in six weeks.

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