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Oil prices declined on Tuesday as traders shrugged off U.S. threats of an "economic D-Day" against Iran, while a flurry of headlines helped to renew hopes that the conflict could soon come to an end.
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Treasury Secretary Scott Bessent's plans to intervene in bond markets have drawn widespread criticism, including from a prominent former mentor.
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The president's policies are driving up prices for fertilizer, fuel and machinery. Meanwhile, a campaign to deliver emergency farm aid has stalled on Capitol Hill.
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