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CNBC World NewsMar 09, 2026
Oil prices decline after nearly hitting $120 as Trump says U.S. considering taking over Strait of Hormuz
Gulf Arab oil producers are cutting production as they run out of storage space because they can't export through the Strait of Hormuz

ABC NewsMar 09, 2026
Stocks close higher, reversing sharp losses after oil prices fall
Oil prices spiked as high as nearly $120 per barrel overnight.
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