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Trump Confronts Potential for High Oil Prices After Iran Strikes The New York TimesStock market today: Dow, S&P 500, Nasdaq jump, oil slides on Iran's restrained response to US strikes Yahoo FinanceOil prices jump after U.S. strike on Iranian nuclear facilities NBC NewsMorning Bid: Now the ball is in Iran's court Reuters
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Hope for a de-escalation in the conflict was most evident in the energy market, where oil prices fell more than 7 percent.
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President Trump, aware of how high gas prices could affect his popularity, demanded on social media that the U.S. "KEEP OIL PRICES DOWN."
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If Iran moves to blockade the Strait of Hormuz, oil and gas prices could spike, but analysts see that scenario as unlikely for now.
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