Oil Soars After Trump Nixes Iran Nuclear Deal, Stocks Rally -
"Crude oil prices rose more than 3 percent on Wednesday after U.S. President Donald Trump's decision to withdraw from a nuclear accord with Iran, a move that helped lift equity markets as Exxon Mobil, Chevron and other oil majors rallied."
Why this is important: On Tuesday afternoon, President Trump made the announcement he would be pulling out of the Joint Comprehensive Plan of Action, otherwise known as the Iran Nuclear Deal. The Agreement, which among other things gave Iran the ability deny or permit UN officials from inspecting a suspected nuclear site, has been largely criticized by the President...
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