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World shares mostly higher after Wall Street hits record and oil rises AP NewsStocks back to record-setting ways on Middle East truce hopes ReutersJapan's Nikkei 225 hits record high as hopes for U.S.-Iran deal fuel broader rally in Asia stocks CNBCAsian Stocks Advance on U.S.-Iran Deal Hopes WSJ
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Investors are betting on peace — but they're not looking at the whole picture.
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Oil prices stabilized and stocks rose on optimism that diplomatic talks could yield a permanent peace deal.
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Airlines are facing higher costs, and one airport group in Europe has warned of the risk of a "systemic jet fuel shortage" if traffic through the Strait of Hormuz doesn't normalize by the end of this month.
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The highly watched case has finally reached a conclusion.
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Wall Street was on track to open lower again Friday as oil prices continued to climb, hitting the highest level in nearly two years less than a week since the U.S. and Israel began bombing Iran, one of the world's top oil producers.
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