Iran, Trump and Israel
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G7, Trump and Canada
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The run-up in crude futures paused on Monday, with prices falling more than 1% on signs that Iran wants to end hostilities with Israel and resume nuclear talks. U.S. crude oil lost $1.21, or 1.66%, to close at $71.
NEW YORK (AP) — Some calm is returning to Wall Street, and U.S. stocks are rising on Monday, while oil prices are giving back some of their initial spurts following Israel’s attack on Iranian nuclear and military targets at the end of last week.
JPMorgan fears crude oil could hit a high of $130 a barrel, causing U.S. inflation to return to 5% in a worst-case scenario.
President Trump's trade policies keep grabbing the spotlight, along with the Israel-Iran conflict. Follow along for the latest updates on markets, including the Dow industrials, S&P 500 and Nasdaq Composite.
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The Mirror US on MSNFormer White House official issues six-word warning as oil prices soarA former White House official issued a chilling ultimatum to Donald Trump's administration as oil prices continue to rise in the US
Most countries in the Group of Seven nations are prepared to go it alone and lower the G7 price cap on Russian oil even if U.S. President Donald Trump decides to opt out, four sources familiar with the matter said.
A sustained surge in oil prices is likely to complicate the U.S. fight against inflation. A $10-a-barrel increase would boost year-over-year growth in the Consumer Price Index by 0.5 percentage points,