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Also in today's newsletter: China warns Maersk and MSC over high freight rates, and Amazon leads record US corporate borrowing rush
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Investors now expect that the Fed will delay a rate cut until September instead of July, as they had before the war in Iran began.
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Transport ministry summons executives to express concerns about supply chain disruptions
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Stock Market Today: Dow Claws Higher; Micron Pops While Pharma Name Breaks Out (Live Coverage) Investor's Business DailyOil prices dive as Trump says Iran war will end ‘very soon' CNNTrump Hears the Markets' Fears About Iran War Bloomberg.comUS stocks hold steadier as Wall Street waits for the next signal on how long war with Iran may last AP NewsOil Prices Offer Up a Stunning Reversal | What's News for March 9 WSJ
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Prices are up 21% from a month ago with the oil market roiled by the U.S.-Iran war.
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If the war continues for much longer, diesel could soon test its all-time high of $5.82, set in June 2022 after Russia's invasion of Ukraine.
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What's next for crude-oil prices as wealthy nations consider a release of their reserves MarketWatchWhy emergency oil releases won't fix this crisis CNNAsian Stocks Poised for Gains, Oil Swings Higher: Markets Wrap Bloomberg.comIEA countries to meet later Tuesday on release of oil reserves, but no decision made yet CNBC
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The Gulf conflict has led to higher fuel prices, and the cost of operating a plane has sharply increased. For travelers, that likely means higher fares.
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