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A dramatic escalation in tension over the Strait of Hormuz drives oil prices and risk assets higher in early trade.
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The children, aged from one to 14 years old, were killed in a shooting that police are describing as a "domestic disturbance".
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Crude oil prices surged Sunday, as the U.S. and Iran teetered on the brink of a renewed war after attacks on commercial ships in the Strait of Hormuz.
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President Trump announcing the U.S. Navy struck and seized an Iranian tanker attempting to cross the U.S.' blockade. It comes as the U.S.' ceasefire with Iran is in jeopardy. The White House says negotiators, including Vice President JD Vance, will return to Pakistan tomorrow for a new round of peace talks with Iran. NBC News' Molly Hunter reports from Tel Aviv.
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The price of oil jumped sharply and stock futures tumbled Sunday evening as traders digested renewed tensions between the U.S. and Iran over the critical Strait of Hormuz.U.S.
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The authorities said a total of 10 people had been shot in a crime scene in Shreveport that involved multiple sites. The gunman was fatally shot by officers, the police said.
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8 children were fatally shot in what police say was a domestic violence incident, while others were injured.
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Traders, hopeful on Friday that a peace deal was near, were digesting the developments over the weekend.
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Secretary of Energy Chris Wright's acknowledgment in a TV interview undercut President Trump's earlier claim that price increases would be "short-term."
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