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The preliminary agreement may not have an immediate effect on prices at the pump. Damaged infrastructure and risky transport could keep costs up.
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Stocks were mixed after strong rallies the day before.
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Stock markets rallied worldwide, and oil prices eased after the United States and Iran reached a tentative deal to get the global flow of crude going again.
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"The Deal with the Islamic Republic of Iran is now complete," Trump said in a Truth Social post.
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