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Oil prices retreated and stocks rallied after President Trump called off plans for another day of strikes on Iran, saying that a peace deal could be within reach.
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President Trump on Thursday canceled the impending US strikes to take Iran's Kharg Island after receiving Tehran's latest, finalized proposal to reopen the Strait of Hormuz and began nuclear negotiations, he said in a post to Truth Social.
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The signing comes ahead of Sunday's UFC match on the South Lawn of the White House, which is being held on President Trump's 80th birthday to mark the 250th birthday of the United States.
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