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Trump weighs intensifying military campaign against Iran after ceasefire collapse

Markets were mixed around the news, with NASDAQ down 0.5% and crude oil trading around $89.4 a barrel.

Reported · Written up by our desk · Trade & Tariffs

President Trump met Friday with top advisers and senior Cabinet officials to discuss whether to intensify the U.S. military campaign against Iran, according to a New York Times report cited by Forexlive.

The meeting follows the collapse of a ceasefire and the breakdown of a memorandum of understanding that was meant to bring Washington and Tehran back to negotiations for a longer-term nuclear agreement.

The report comes after earlier coverage that Trump scheduled a Cabinet meeting at Camp David and that he was considering a military operation larger than previous strikes against Iran, Forexlive added.

Ahead of a planned visit by Israel Prime Minister Benjamin Netanyahu to the White House next week, market moves showed risk sentiment pressure, with the NASDAQ down 0.5% and crude oil trading at $89.4 per barrel, above $87.7 after-session lows but still below its 100 day moving average at $89.9.

Latest closeWTI crude $81.19 ▼2.5%|Nasdaq Comp. 26,803.03 ▲0.8%

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