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The closure of the Strait of Hormuz has limited the shipment of diesel, depriving farmers of fuel for irrigation pumps and threatening the food supply.
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Ian Ralby, president of Auxilium Worldwide, shares his reaction to the U.S.-Saudi Arabia nuclear deal.
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The price of oil surged nearly 5% on Wednesday as U.S. officials talked down the chance of new peace talks after an 11th straight night of strikes on Iran and with major disruption now facing two of the world's key supply routes.
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