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Stock-market futures were down Sunday evening, suggesting investors were bracing for a sharp drop in major indexes after weekend talks between the U.S. and Iran failed to open the Strait of Hormuz and led President Donald Trump to announce a blockade of the crucial waterway.
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Oil prices surged as markets reopened on Sunday following news that U.S. peace talks with Iran had ended without a deal.
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Oil Surges, US Futures Drop on Hormuz Blockade: Markets Wrap Bloomberg.comOil prices rise after Trump threatens to block passage through Strait of Hormuz CNNOil prices surge on blockade vow, failed U.S.-Iran talks AxiosOil Jumps, Stock Futures Sink as Trump's Hormuz Blockade Nears Barron'sOil Prices Surge Above $100 After Peace Talks Fail and Trump Threatens Blockade The New York Times
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Asia markets open lower as oil surges after U.S. moves to blockade Iran ports CNBCCollapse of US-Iran talks heightens fears of prolonged energy shock The GuardianDow Jones Futures Fall, Oil Prices Spike; U.S. Navy To Blockade Iran's Ports After Talks Fail Investor's Business DailyEquities subdued as US-Iran talks falter, ceasefire concerns renewed Reuters
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