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Oil prices fell after U.S. President Donald Trump said he would postpone a planned military strike on Iran following requests from key Middle Eastern leaders.
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Vladimir Putin landed in China on Tuesday to a warm welcome from his "dear friend" President Xi Jinping, but he arrived with the heavy burden of a war he increasingly seems unable to win.
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The sell-off came as the outbreak of the U.S.-Iran conflict and resulting surge in crude oil prices sent the yen and other Asian currencies tumbling.
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The latest war in the Middle East has created new economic opportunities for Syria thanks to its geography.
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