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Oil climbs anew on mixed signals about Iran war's future AxiosOil Markets Doubt Trump's Peace Signals as Tensions With Iran Grow The New York TimesOil prices open higher as US-Israeli war with Iran continues to disrupt supply ReutersOil Gains as Middle East War Escalates With Trump's Iran Threats Bloomberg.comStocks are volatile, oil soars as Trump rattles markets with lack of clear exit plan | CNN Business CNN
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Exclusive | Three Gulf Funds Agree to Back Paramount's $81 Billion Takeover of Warner WSJThree Gulf funds agree to back Paramount's $81 billion takeover of Warner, WSJ reports ReutersParamount is said to secure $24B in Gulf funding for Warner Bros. Discovery deal (PSKY:NASDAQ) Seeking AlphaGulf Funds Are Recalibrating American Investments, Including Backing for Paramount Merger, as Iran War Rages On Drop Site News
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Trading Open Shadowed by Trump Escalation Threats: Markets Wrap bloomberg.comOil Markets Doubt Trump's Peace Signals as Tensions With Iran Grow The New York TimesOil prices open higher as US-Israeli war with Iran continues to disrupt supply ReutersOil, Stock Futures Poised to React After Trump's Weekend of Threats Barron'sU.S. crude on Thursday did somet
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Iran War Live Updates: Trump Escalates Threats in Truth Social Post After U.S. Rescues Downed Airman The New York TimesTrump unleashes curse-filled social media rant at Iran after U.S. rescues colonel NPRAhead of his latest Strait of Hormuz deadline, Trump threatens Iran's energy infrastructure NBC NewsTrump Warns Iran He Could Strike ‘Every Power Plant,' in WSJ Interview WSJ
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OPEC agrees to boost oil output when Strait of Hormuz reopens ReutersOPEC Plus Warns of Slow Recovery After War in Iran The New York TimesOPEC debates making oil output hike amid Iran war paralysis, sources say CNBC
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Iran's closure of the Strait of Hormuz is disrupting economic activity across Asia and Europe. The U.S. may escape the worst effects, but it will not emerge unscathed.
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Investors digested increasing signs of escalation of the U.S.-Israeli war in Iran, which has led to a blockage of critical energy supplies.
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Gasoline prices have jumped about a dollar a gallon since the war with Iran began. And diesel prices are up even more. That's tough on truckers, fishermen, and just about everyone else.
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About 145 million American adults say that they own or have owned cryptocurrency. Statistically, that's more than half of your co-workers, neighbors and friends.
It's also about the number of Americans who own stocks.
Even though it's not regulated by a government agency, cryptocurrency is becoming mainstream. However, President Biden recently signed an executive order to address cryptocurrency risks with a whole-of-government approach that could make cryptocurrency even more attractive to investors as well as traditional banks and credit unions.
SEE MORE Crypto Has Been Through the Wringer in 2022: What Now?
For the near term though, cryptocurrency remains a volatile, speculative asset that will likely continue its gut-wrenching booms and busts. That's not to say that cryptocurrency doesn't belong in a well-diversified portfolio, but I recommend that my clients first educate themselves about cryptocurrency before deciding whether or not to invest.
As Warren Buffet said about investing in cryptocurrency: "I get into enough trouble with the things I think I know something about. Why in the world should I take a long or short position in something I don't know about?"
Here are some important concepts to get comfortable with.
How Cryptocurrency Works: The Basics
Say you order a new set of patio furniture online. A credit card company or p
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