Oil prices top $110 after Trump says Iran can be ‘taken out’ in one night

Mixed stock market reaction to president’s comments, while IMF chief warns of inflation and slower growth

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Oil traded at more than $110 a barrel on Tuesday after Donald Trump said all of Iran could be “taken out” in one night.

Brent crude, the international benchmark for oil prices, rose by 1% to $111 a barrel. New York light crude rose 2.6% to $115.3 a barrel.