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Ben Geman May 9
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Crude oil prices jump with Trump's Iran deal withdrawal

Donald Trump.
Photo: Saul Loeb/AFP/Getty Images

Crude prices hit their highest levels in well over three years Wednesday morning after President Trump's decision to bail on the Iran nuclear deal and to reimpose energy sanctions after a 180-day wind down.

By the numbers: WTI crossed $71 per barrel for the first time since late 2014, while Brent crude went above $77. This morning had WTI trading at $71.04 and Brent at $77.13.