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Oil prices fell and U.S. stock-index futures jumped Sunday after President Donald Trump said the U.S. has agreed to a peace deal with Iran, apparently ending months of hostilities that shut the Strait of Hormuz and sent the global economy into an oil shock.
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Trump Claims Strait Will be ‘Permanently Toll Free' Under Agreement With Iran The New York TimesLive updates: Trump and Iran reach agreement that includes opening Strait of Hormuz CNNOil prices slide after Pakistan announces deal between US and Iran BBCU.S. crude oil falls nearly 5% after Trump says U.S. and Iran complete deal to open Strait of Hormuz CNBCU.S
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Oil prices fell and stocks gained on Sunday evening on the hope that a deal would allow more energy and other goods to flow through the Strait of Hormuz.
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John D. Rockefeller, the Gilded Age oil baron, became America's first billionaire in 1916. Like Elon Musk's ascension, the milestone made headlines.
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