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WTI crude futures were last down by 0.9% to $55.91 after falling as low as $54.79. Brent crude futures dropped 1.4% to $61.89.
“The German chancellor, the prime minister of England (Britain) and the president of France were in New York and all insisted that this meeting
Trump later said he responded “of course, NO!” to Iran who he said wanted him to lift the sanctions in order to meet.
The State Department called the report “baseless,” adding the U.S.
The State Department didn’t immediately respond to CNBC’s request for comment.
“It’s not just Iranian production and exports. Its’ millions of barrels in floating storage and millions of barrels sitting in China’s ports waiting to be processed by customs,” Kilduff said.
Trump last year withdrew the U.S.
The Islamic Republic, a target of U.S.
— CNBC’s Patti Domm contributed reporting.