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Oil prices were plunging on Wednesday morning after Trump announced that Iran agreed to a two-week cease-fire.
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Some wells can be turned on in days or weeks, but bringing the Gulf's energy system back to something akin to normal will take months.
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Late Tuesday the two countries agreed to a two-week ceasefire.
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U.S. stock futures jumped and oil prices fell on Tuesday evening, after President Donald Trump announced a two-week-long cease-fire deal with Iran that would delay a planned American bombing assault on the country and make more time for negotiations between the two sides.
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