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President Trump insists the conflict will be brief, but world leaders are preparing for severe economic blowback.
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World shares tumbled on Monday, with Japan's benchmark Nikkei 225 index plunging more than 5%, after oil prices spiked at nearly $120 a barrel.
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The latest Middle East tensions sheds light on how the world's three largest oil consumers have taken different approaches to energy, with global consequences.
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Interruptions in oil supplies in the Middle East, source of much of the world's energy, are trickling down to what American drivers pay when they fill up.
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