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The U.S. strikes on Kharg Island and Trump's threat to hit Iran's oil infrastructure mark a major escalation in the war, according to JPMorgan.
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The remarks came as Treasury Secretary Scott Bessent met his Chinese counterpart He Lifeng in Paris, paving the way for the summit scheduled for late March.
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Energy Secretary Chris Wright said the Strait of Hormuz, a critical passageway for oil shipments, remained unsafe for tankers. Iran has been firing projectiles and laying mines.
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President Trump has urged China, Britain, France, Japan and South Korea to send warships to help reopen the waterway, even though they were not involved in the U.S.-Israeli attack on Iran.
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Jordan thanked his family and fellow actors in his Oscars speech.
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The rare but not unprecedented tie saw The Singers and Two People Exchanging Saliva both win for best short live action film.
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Beijing tamped down its GDP growth target this year to a range of 4.5% to 5%, the least ambitious goal on record going back to the early 1990s.
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U.S. allies and rivals responded cautiously after President Donald Trump said they should police the Strait of Hormuz, as Iranian threats to strike shipping on the vital trade route continue to cause chaos in global markets."Many countries, especially those who are affected by Iran's attempted closure of the Hormuz Strait, will be sending War Ships" to secure the shipping route, he posted Saturday on Truth Social, listing China, France, Japan, South Korea, the U.K. and "others" among t
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Trump's administration has reportedly rebuffed efforts by Middle Eastern allies to start diplomatic negotiations aimed at ending the Iran war.
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Beijing and Moscow look to one another for energy and economic security amid geopolitical turbulence
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