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President Donald Trump wants a lavish welcome in Beijing for a summit with Xi Jinping next week. But the specter of the war in Iran looms large.
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The White House reportedly believes it could be closing in on a 14-point memorandum of understanding with Iran.
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;Resize=(620)) Oil prices fell under $100 US following pleas for peace in the Middle East by China's foreign minister, before rising a bit again. Markets in Europe and Asia soared at the same time, as did futures for major Wall Street indexes.
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