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Oil prices edged higher after an American official said the U.S. and Iran had agreed to halt attacks in a key shipping lane, raising hopes that hostilities would not escalate.
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Oil prices inched up on Sunday evening, while the S&P 500 futures market was little changed.
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Oil prices rose Sunday while U.S. stock-index futures advanced, after the U.S. and Iran reportedly agreed to halt attacks after repeatedly exchanging fire in the Persian Gulf over the weekend.
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Oil climbs following renewed US, Iran strikes in Middle East ReutersOil rises as renewed U.S.-Iran strikes reignite Middle East supply fears CNBCOil Markets Edge Higher After Days of Attacks in Persian Gulf The New York TimesOil Prices Rise Above $70 on Iran Strike WSJ
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