Oil plunges, stocks surge on Trump's Iran reprieve • FRANCE 24 English

Global crude oil prices fell about 10% and Wall Street stocks rallied after Donald Trump said he was holding off military strikes on Iran's power plants following "constructive talks" with Tehran, despite Iran denying it was negotiating a deal. Meanwhile, France is looking at the possibility of increasing the country's refining capacity to cushion the impact of higher petrol prices on consumers, but is stopping short of cutting fuel taxes. 

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