Oil prices are likely to rise and could lead to volatility in financial markets after US President pulled his country out of the Iran deal. Photo: ReutersPresident Donald Trump announced late on Tuesday that the US will withdraw from the Iran nuclear deal. He added that if the deal continued to stand, there would soon be a nuclear arms race in West Asia. Trump said that any country that helps Iran in its quest for nuclear weapons could face sanctions. However, experts fear that in case of failure in reaching any deal, Iran may resume uranium enrichment.

Source: Mint May 09, 2018 18:11 UTC