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The price of crude oil is rising again following Houthi claims of attacks on tankers in the Red Sea. What could it mean for gas prices, inflation and the global economy?
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;Resize=(620)) U.S. President Donald Trump said on Thursday he would hold ?Iran accountable for any attacks by Yemen's Houthi militants, who ?said this week they ?were imposing a naval blockade on Saudi Arabia.
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The recent rebound reflects traders' growing concern about the expanding war, which now extends from the Persian Gulf to the Red Sea.
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Oil prices surged more than 6% on Thursday.
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The police arrested a man after the daylight attacks on the Upper West Side. It was not immediately clear what led to the stabbings, but the Police Department was investigating whether they were hate crimes.
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The price of Brent crude rose more than 5% on Thursday as the war in the Middle East continues to escalate.
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The president has attended two previous dignified transfers since the war began; this is the first since he declared the ceasefire over.
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The price of oil surged nearly 5% on Wednesday as U.S. officials talked down the chance of new peace talks after an 11th straight night of strikes on Iran and with major disruption now facing two of the world's key supply routes.
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