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Nike Sales Miss in Middle East Region Sparks Investor Concern Bloomberg.comNike shares fall 9% on weak outlook, expected 20% sales decline in China CNBCNike Guides for Sales Declines Ahead as Turnaround Plan Hits Snags WSJNike expects more falling sales, as stock sinks amid worries turnaround is not working MarketWatch
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The Iran war has stalled shipments of oil and its products through the Strait of Hormuz, raising concerns among Chinese manufacturers about supply chain disruptions.
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