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The latest move higher comes amid reports that the U.S. will look to extend its blockade of Iranian ports.
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In an address before a joint meeting of Congress on Tuesday, King Charles III sought to highlight the importance of the transatlantic relationship between the United States and Great Britain.
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Just as oil prices are looking stable (albeit higher) due to a ceasefire, the market took another blow as the United Arab Emirates exited the OPEC.
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