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World Apr 13

U.S. begins Strait of Hormuz naval blockade after Iran peace talks fail

By Liz Landers, Zeba Warsi

World Apr 13

straitofhormuz
Watch 8:58
Mideast experts discuss how the U.S. blockade could pressure the Iranian regime

For perspective on the situation with Iran, Amna Nawaz spoke with Alan Eyre and Miad Maleki. Eyre was part of the Obama administration's negotiating team for the Iran nuclear deal and is now at the Middle East Institute. Maleki was…

By Amna Nawaz, Dan Sagalyn

World Apr 13

Fuel shortage in Port-au-Prince, Haiti
Surging oil prices spark protest in Haiti as workers demand salary increases

More than 1,000 workers have organized a protest in Haiti’s capital to demand a higher minimum wage as the conflict in Iran deepens and drives up oil prices.

By Evens Sanon, Associated Press

Economy Apr 13

Financial Markets Wall Street
Oil prices give back much of their morning jump as U.S. stocks climb on a still hopeful Wall Street

Hope remains on Wall Street that both sides can still avoid a worst-case scenario for the global economy in the US-Iran war, and U.S. stocks climbed.

By Stan Choe, Associated Press

Economy Mar 24

Gas prices are displayed at a fuel station in Dover
Watch 7:05
Chicago Fed president breaks down economic risks of Iran war

Oil prices are hovering near $100 a barrel and it's raising new questions for the Federal Reserve as it tries to navigate between high inflation and a cooling job market. Chair Jerome Powell said last week the central bank is…

By Geoff Bennett, Karina Cuevas

Mar 23

Small comforts fade and big worries grow as fuel prices surge around the world

By Matt Sedensky, Associated Press

Even as glimmers of hope for a potential breakthrough in the war in Iran emerged, the conflict persisted for a 24th day on Monday and the vital oil pathway of the Strait of Hormuz remained at a virtual standstill.

Continue reading

Mar 13

U.S. eases some sanctions on Russian oil, but crude prices remain high

By David McHugh, Associated Press

The move, intended to soothe jittery markets over the disruption of Middle Eastern oil and gas supplies, underlines how the war has boosted Moscow's ability to profit from its energy exports, a pillar of the Kremlin’s budget as it presses its invasion of…

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Mar 11

U.S. to release 172 million barrels of oil from Strategic Petroleum Reserve as prices surge

By Associated Press

Energy Secretary Chris Wright said Wednesday that the United States will release 172 million barrels from the Strategic Petroleum Reserve as part of the International Energy Agency’s efforts to combat steep oil prices amid the Iran war.

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Mar 11

Most U.S. stocks fall as oil prices get back to rising

By Stan Choe, Associated Press

Since the start of the Iran war, sharp moves for oil prices have triggered swings up and down for financial markets worldwide, sometimes by the hour.

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Mar 09

Oil prices soar to levels not seen in years as war in Iran intensifies

By Alex Veiga, Elaine Kurtenbach, Associated Press

Supply concerns have driven crude and gasoline higher prices as the war ensnares major oil-producing countries and hinders exports from the Persian Gulf.

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