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Oil price rise and stock market drop were expected after Iran action, Tom Harwood notes
Former President Trump commented that he thought oil prices would increase and the stock market would decrease following his operation involving Iran.
Tom Harwood shared this statement, highlighting Trump's expectations regarding market reactions to geopolitical events.
Tom Harwood has previously reported on rising energy costs impacting the UK, noting that annual import expenses could increase by $19 billion if oil prices stay elevated. According to his analysis, the UK imports around 550 million units of energy each year. Details on these projections can be found in his coverage of oil price-driven import costs.
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