A day after President Donal Trump pilled the United States out of an international nuclear agreement with Iran, crude oil prices soared to 3 1/2-year highs, according to Reuters.

Climbing to highs last seen in November 2014, West Texas Intermediate crude futures hit $71.14 per barrel, while Brent crude futures jumped nearly 3 percent to $77.21.

While crude prices benefited from Trump’s move, Reuterssays President Trump’s move sparked fears of increased tension in the Middle East and uncertainty over global oil supplies.

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