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Oil prices fell sharply Monday after President Donald Trump said the U.S. and Iran had "very good and productive conversations" in the past two days.
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International Energy Agency head says global economy faces ‘major, major threat' from Iran war abcnews.comMore than 40 Middle East energy assets ‘severely damaged,' IEA chief says CNBCFirst Thing: Iran war energy crisis equal to 70s twin oil shocks and Ukraine invasion fallout, IEA chief says The Guardian
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U.S. gasoline prices at the pump were close to $1 a gallon higher than a month ago.
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2 pilots killed as plane and fire-rescue truck collide at New York's LaGuardia Airport, officials say CBS NewsLive updates: LaGuardia closed after deadly collision, adding to partial shutdown travel turmoil CNNLaGuardia closed until 2 p.m. Monday as plane crash investigation continues USA TodayA LaGuardia crash kills 2, hurts dozens and closes the airport. Here's what to know NPR
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Oil prices push higher and gold erases gains after US and Iran traded threats over the weekend Business InsiderOil prices volatile after Trump's Strait of Hormuz threat AxiosOil Futures Tumble 14% After Trump's Iran Comments Bloomberg.comOil prices rise after Trump issues ultimatum and Iran threatens to close the Strait of Hormuz indefinitely CNN
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The timing of the earlier volume spikes — across both equities and crude — caught the attention of traders.
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Asian stock markets plunge amid Trump's ultimatum on Iran Al JazeeraSouth Korea's Kospi and Japan's Nikkei tumble more than 5% as Trump-Iran threats escalate CNBCStocks skid to four-month low as oil shock spooks investors Reuters
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The 60-day moratorium represents the first state move to stanch rising pump prices as the war in Iran continues to throttle Middle East oil supplies.
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Wall Street was on track to open lower again Friday as oil prices continued to climb, hitting the highest level in nearly two years less than a week since the U.S. and Israel began bombing Iran, one of the world's top oil producers.
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