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If you need any further evidence of the wisdom of holding some energy stocks in your 401(k) and other retirement accounts, look at Berkshire Hathaway.
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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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The Oil Prices You See Don't Tell the Market's Real Story Bloomberg.comExclusive | Saudi Arabia Sees a Spike to $180 Oil if Energy Shock Persists Past April WSJOil prices top $112 after Iraq declares force majeure, Kuwait refineries attacked CNBCHow High Will Oil Prices Go? Global Markets Brace for More Bad News. The New York Times
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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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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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The pressure on Trump to deescalate in the Middle East is building. Markets need to be convinced oil is back below $100 forgood before they can rally concertedly.
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