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How geography powers Iran's grip on the Strait of Hormuz, despite U.S. blockade The Washington PostU.S. Oil Blockade Is Set to Boost American Exports—and Prices at the Pump WSJMore U.S.-Iran peace deal talks are in discussion, White House says CNBCFresh Iran talks could begin this week as US continues blockade on ports Fox News
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Live Updates: In Iran war, push to resume talks intensifies as U.S. blockade of Iran's ports enters Day 2 CBS NewsU.S. Oil Blockade Is Set to Boost American Exports—and Prices at the Pump WSJChina calls U.S. blockade of the Strait of Hormuz 'dangerous and irresponsible' CNBCLive updates: China says Trump blockade is 'dangerous' as Iran
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Investors saw a possible path to peace, with the United States and Iran trading proposals for Iran to suspend nuclear activity.
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JPMorgan Chase beat first-quarter earnings expectations, with volatility from the Iran conflict leading to record market revenue and with consumers continuing to spend in the face of higher gasoline prices.
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U.S. inflation at the wholesale level rose to a three-year high in March due to surging oil prices tied to the Iran war, but aside from energy, the increases in the cost of other goods and services were surprisingly tame.
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The April FMS was eagerly awaited given the oil price shock caused by events in the Middle East. While sentiment darkened, though, investors seem reluctant to cut risk significantly.
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Oil prices surged as markets reopened following news that U.S. peace talks with Iran had ended without a deal.
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