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Trump considers "winding down" Iran war without opening Hormuz Strait AxiosTrump says US considering 'winding down' Iran war; Natanz nuclear facility attacked ReutersTrump hints at wind-down of war as US sends more troops and Iran threatens tourism sites YahooMiddle East crisis live: Trump says US considering ‘winding down' war; Iran fired missiles at UK-US base on Diego Garcia The Guardian
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A bulletproof U.S. economy has shot past a series of shocks since the 2020 pandemic and grown for five straight years, but soaring oil prices tied to the Iran war have emerged as a potential trigger for recession.
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War in Iran has disrupted global oil supplies, which is prompting some car shoppers to look for ways to climb off "the gas-price roller coaster."
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War in Iran Reveals Strait of Hormuz's Weakness as an Oil Bottleneck The New York TimesIran does not need to close the Strait of Hormuz to disrupt it Al JazeeraAbout 90 ships cross the Strait of Hormuz as Iran exports millions of barrels of oil despite the war AP NewsIran Unwilling to Talk About Opening Strait of Hormuz While Under Attack Bloomberg.com
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Iran's ability to threaten Strait of Hormuz 'degraded,' US says after underground missile sites bombed BBCLive Updates: Iran's ability to threaten Strait of Hormuz is "degraded," U.S. military says CBS NewsU.S. Attacks Iranian Targets to Try to Open Strait of Hormuz The New York TimesU.S. War Planes and Helicopters Kick Off Battle to Reopen Hormuz WSJ
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Investors are becoming increasingly hawkish
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Hawaii suffers its worst flooding in 20 years and forecasters warn more rain is coming AP News‘Leave now': Waialua residents urged to evacuate as roads deteriorate Hawaii News NowThousands evacuated as Hawaii faces worst flooding in 20 years BBCThousands ordered to evacuate as Oahu floods put dam at imminent risk of failure NBC News‘We're Screwed': Dole Did Little To Fix Dangerous Wahiawa Dam Honolulu Civil Beat
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Oil prices settled higher Friday, with global benchmark Brent crude posting a fifth straight weekly gain, after the Pentagon said it is sending more troops and warships to the Middle East.
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No one won back in 2014—and the odds are still just as slim today.
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Davidson Kempner's Tony Yoseloff warns a substantial portion of PE firms are already "stressed or distressed"
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This is, by far, Buffett's largest holding for Berkshire.
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