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Iran will not have a nuclear weapon, Trump says

The comments came as US bond yields edged higher and crude oil rose to the mid-80s, with the 10-year yield up to 4.640%.

Reported · Written up by our desk · Central Banks

Forexlive reports that Trump said Iran will pay a big price, and that Iran will not have a nuclear weapon, while also adding that Iran would be held accountable.

The remarks were discussed alongside market moves, with US Treasury yields ticking higher. The two-year yield rose 2.19 basis points to 4.282%, and the 10-year yield increased 1.2 basis points to 4.640%.

Forexlive also cited strength in energy markets, saying crude oil was trading up $2.60 at $86.94 after reaching a high of $88.61.

Support was noted around $86.13, described as the 50% midpoint of the most recent downtrend from the May 18 peak to the July 2 low, after a bounce from about $86.14.

Latest closeWTI crude $83.42 ▲1.6%

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