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President Donald Trump said the U.S. Navy could start escorting oil tankers through the key Strait of Hormuz as he ordered the government to provide risk insurance for maritime trade amid the conflict with Iran.
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A sell-off for stocks is slamming into Wall Street Tuesday after wrapping around the world, as oil prices leap even higher with worries that the widening war with Iran may do more sustained damage to the economy than feared.
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Stock Market Today: Dow Sinks More Than 1,100 Points; Oil Prices Jump on Iran Conflict — Live Updates WSJStocks Tumble as Inflation Risk Emerges in Wake of Iran War The New York TimesStock market today: Dow, S&P 500, and Nasdaq slide as oil rises amid war worries Yahoo FinanceOil surges, stocks plunge as fears of prolonged Iran war hit markets NBC NewsBuy the Stock Market Dip? Why You Should Despite a U.S.-Iran War. Barron's
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What will the war in Iran mean for markets?
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A prolonged conflict in the Middle East could push prices even higher, as the busy driving season approaches.
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