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;Resize=(620)) The cost of a barrel of Brent crude, the international standard, was up around $86 US on Tuesday morning. That's higher than oil has been in recent weeks after the U.S. and Iran signed a memorandum of understanding to end the war, but below the $100 mark that oil has reached earlier in the war.
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The United States plans to reinstate a blockade over the Strait of Hormuz today. And, several states are suing to stop the massive Paramount-Warner Bros. merger.
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;Resize=(620)) Twelve states, including California and New York, sued to block Paramount's takeover of Warner Bros. Discovery on Monday, arguing that the $81-billion US merger would "extinguish competition" in Hollywood and lead to fewer choices for consumers across the U.S.
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;Resize=(620)) A photo posted on U.S. Sen. Mitch McConnell's Facebook page may have done little to convince the internet that he's still alive, but it's working as a punchline for late-night television hosts in the U.S.
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Kevin M. Warsh, in his first testimony to Congress as chairman of the Federal Reserve, did not shed light on whether he supported higher interest rates to tame price pressures.
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Settlers destroyed a shepherding community in the occupied West Bank despite a suspension order from Israel's highest court. The court has warned of legal anarchy as more of its decisions are flouted.
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If the core U.S.-Iran dispute has long been Tehran's nuclear program, the tit-for-tat strikes in the Strait of Hormuz make clear that control of the waterway is of immediate concern to both. Neither wants a resumption of full-scale war, yet threats are flying.
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