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The Iran conflict has sparked tumult in global equity markets, with major indexes in some markets, including South Korea, falling into correction territory.
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Members of the International Energy Agency have announced a coordinated release of 400 million barrels of stockpiled oil in an attempt to counter the disruption in oil trade triggered by the Iran war.
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Treasury yields were edging up Tuesday, but traded below levels seen Monday when inflation fears tied to oil's surge were rising.
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President Trump's new tariffs could further strain global trade relations, pushing businesses to operate more cautiously and hurting the U.S. economy.
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