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S&P 500 falls to new low for year on Iran oil crisis, posts third-straight losing week: Live updates CNBCDow Slips as Oil Prices Climb Amid Escalating Iran Conflict Yahoo FinanceStocks Extend Slide With Oil at $100; Dollar Gains: Markets Wrap Bloomberg.comS&P 500 Slumps in Worst Day Since War Began The New York Times
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After surging about 10 percent on Thursday, oil prices had little reaction to the decision by President Trump to waive sanctions on the sale of some Russian crude.
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A temporary removal of U.S. sanctions on Russian tankers at sea failed to calm concerns over prolonged disruptions to the flow of crude through the Strait of Hormuz.
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Oil Prices Rise Despite Trump's Decision to Lift Russia Sanctions The New York TimesTrump Removes Sanctions on Russia to Help Oil Flow Amid Iran Conflict The New York TimesJapan to consider whether to buy Russian crude following US sanctions waiver ReutersU.S. allows temporary purchases of Russian oil already at sea to stabilize energy markets CNBC
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