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The president's announcement sent markets soaring and energy prices diving, as investors bet Iran's blockade of a key shipping chokepoint could soon end.
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Wright's comments Monday come after Trump threatened to bomb Iran's power plants if the Islamic Republic's leaders do not fully open the Strait of Hormuz.
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Iran warned it could start striking power plants across the Gulf region, after President Trump threatened to hit Iran's energy infrastructure unless Tehran opens the Strait of Hormuz when his 48 hour ultimatum expires on Monday.
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;Resize=(620)) Oil prices fell on Monday morning after President Donald Trump said the U.S. was holding off on striking Iran's energy infrastructure amid productive talks between the two countries.
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The head of the International Energy Agency says the global economy faces a "major, major threat" because of the Iran war
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