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The price of oil rebounded on Thursday as doubts grew about state of the Iran ceasefire announced just two days earlier by President Donald Trump.
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Israel says Lebanon is not included in the ceasefire the US agreed to halt the war with Iran.
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President Trump said that any peace deal would not allow nuclear enrichment in Iran, and would need to keep the Strait of Hormuz open, as conflicting messages surface over the terms of the ceasefire.
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Britain, France and the European Union condemned Israel's strikes targeting Hezbollah in the country, saying these threatened the truce.
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Oil markets rose after Iran accused the United States of violating elements of a two-week ceasefire agreement.
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The foreign secretary also calls for Lebanon to be "urgently included" in the ceasefire agreement.
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Motoring groups have warned drivers not to expect a significant drop in costs soon.
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Israel's intense bombardment left Beirut to confront new devastation Thursday as the U.S. ally's assault on Lebanon imperiled the fragile ceasefire with Iran.
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In an annual foreign policy speech, Cooper is expected to say that shipping must be toll-free through the strategically vital Strait of Hormuz.
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The intense bombardment, which Israel said included more than 100 airstrikes in 10 minutes, was a sharp escalation that put pressure on the tenuous cease-fire with Iran.
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Iran's parliamentary speaker charged the U.S. of breaching the terms of the two-week ceasefire agreement.
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The statement came a day after Washington and Tehran agreed to a two-week ceasefire brokered by Pakistan, which halted six weeks of fighting.
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Attacks persist across the Middle East despite the two-week ceasefire deal between the U.S. and Iran. And, Bill Gates is set to testify in the investigation of the late sex offender Jeffrey Epstein.
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Shares in Europe fell on Thursday, as the fragile truce agreed between the U.S. and Iran already shows signs of strain.
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After careening from one diplomatic extreme to another, President Trump finds himself with a fragile deal that is already showing signs of fraying.
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In the wake of a shaky ceasefire deal, the U.S. appears in a weaker position globally than when the war with Iran began.
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An Israeli barrage killed at least 182 people and injured at least 890 across Lebanon, local authorities said, hours after the U.S.-Iran ceasefire took hold.
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The prime minister says fully reopening the Strait of Hormuz would help "stabilise" prices in the UK.
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A ceasefire appears to be holding in the Iran war, but now several critical issues have to be negotiated. They include the reopening of the Strait of Hormuz and the fate of Iran's nuclear program.
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Deadly airstrikes pummeled Lebanon in Israel's largest bombing wave yet in the monthlong war with Iran-backed Hezbollah.
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;Resize=(620)) The announcement of a ceasefire between Iran and the United States was met in Lebanon with the war's bloodiest day, as Israel launched a massive air campaign that its media termed "Operation Eternal Darkness." The Israeli strikes killed and wounded hundreds, as Prime Minister Benjamin Netanyahu signalled his intent to pursue Hezbollah regardless of international pressure.
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Investors placed an approximately $950 million bet on oil prices falling just hours before the U.S. and Iran announced a ceasefire, the latest large wager on the direction of the world's most traded commodity.
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The Iran-U.S. ceasefire has lifted markets, but some cracks are already showing in the 'fragile truce.'
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Also, a Times investigation seeks to unmask Bitcoin's creator. Here's the latest at the end of Wednesday.
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