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Trump Says Iran Agreed to Allow 20 More Ships of Oil Through Strait of Hormuz The New York TimesTrump reveals 'present' from Iran, confirms estimated timeline for war Fox NewsSeth Meyers on Donald Trump's ‘present' from Iran: ‘Is the president getting catfished?' The GuardianTrump says Iran gave US 20 boats of oil 'out of a sign of respect' Anadolu Ajansi
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U.S. will let Russian oil tanker reach Cuba, breaking Trump's effective fuel blockade The Washington PostU.S. Allows Russian Oil Tanker to Reach Cuba, Despite Blockade The New York TimesTrump appears to relax de facto oil blockade on Cuba as Russian oil tanker nears island The GuardianTanker carrying Russian oil enters Cuba's exclusive economic zone, ship data says ReutersTrump says he has
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Oil rises above $115 and Asia stocks slide as Iran war escalates BBCOil prices climb after Iran warns against US ground invasion CNNBrent heads for record monthly jump as Iran conflict widens ReutersOil Rises, Asian Equities Fall on Fears of Widening Middle East Conflict WSJAnalysis: A new oil shock is building. The next few weeks of war will be decis
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U.S. to Allow Russian Oil Tanker to Reach Cuba, Breaking Blockade nytimes.comTanker carrying Russian oil enters Cuba's exclusive economic zone, ship data says ReutersThe Russian oil tanker playing chicken with Trump over Cuba PoliticoUS will reportedly allow Russian oil tanker to reach Cuba amid blockade theguardian.comRussian Tanker Nears Cuba, Defying US Oil Blockade Barron's
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Pope seems to rebuke Trump in remarks about leaders with ‘hands full of blood' The GuardianPope Leo says God rejects prayers of leaders who wage wars ReutersThe Pope's Sermon This Morning Was a Rebuke of Pete Hegseth Mother JonesPope Leo XIV rejects claims that God justifies war in Palm Sunday Mass message NPRPope Delivers Holy Warning to Trump in Blistering Address The Dai
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The sportswear giant has been trying to focus more on the needs of athletes, but analysts say new products aren't catching on.
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Pentagon prepares for weeks of ground operations in Iran The Washington PostSeven islands that hold the keys to the Strait of Hormuz CNNFormer Centcom commander: US military has been working on Iran ground raid plans for years The HillTrump is contemplating the sheer folly of boots on the ground in Iran. How did it come to this? | Simon Tisdall theguardian.comUS considers Iran operation
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Oil prices soar in the U.S.-Iran war, leading to volatility in emerging markets, and showing how concentrated EM funds are in Asian economies.
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Stocks capped off a terrible week with another slide as a warning from one of Wall Street's bellwether firm's stoked concern about the U.S. economy.
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After Thursday's close, delivery giant FedEx (FDX, -21.4%) - whose financial results are often seen as a read on broader economic conditions - issued preliminary fiscal first-quarter earnings and revenue figures that were well below estimates. The company cited a recent acceleration in "global volume softness," and specifically pointed to "macroeconomic weakness in Asia and service challenges in Europe." FDX also withdrew its outlook for the full fiscal year, and said it is initiating several cost-cutting measures to offset the effects of lowered demand, including deferring staff hiring, closing 90 FedEx office locations and ending Sunday operations for several FedEx Ground locations. The company is slated on the earnings calendar to report its full quarterly results after next Thursday's close.
Wall Street's nerves were already frayed ahead of FedEx's financial warning, as this week's red-hot inflation reading all but assured another large rate hike from the Federal Reserve at next week's meeting. But an additional contributing factor to this week's massive volatility is likely today's quadruple-witching options expiration, which is when index futures, index options, stock options and individual-stock futures all expire at once. This happens four times a year - on the third Friday in March, June, September and December - and sometimes leads to heavy volume and erratic moves in
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