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U.S. stock-index futures fell and crude prices rose on Sunday, after the market's rally stalled last week as oil prices rose sharply amid the impasse in the war with Iran.
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Oil Climbs as Iran War Shows No Sign of Ending: Markets Wrap Bloomberg.comOil rises as Iran-U.S. deadlocked peace talks fan fears of extended supply disruption CNBCOil Prices Rise as Trump-Xi Summit Yields No Clear Breakthroughs on Iran War The New York TimesMarkets jittery as oil crisis bleeds into debt selloff, while Trump weighs military options on Iran Fortune
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Surging gasoline and energy prices, as well as the cost of groceries, have pushed the forecast for the cost-of-living adjustment higher.
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Nearly three months into the Iran war, Americans are still spending plenty of money to keep the economy on the up and up.
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Hopes for an end to the war in Iran faded after President Trump failed to secure a commitment from China to help persuade Iran to reopen the Strait of Hormuz.
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