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President Trump said on Thursday he would delay an imminent deadline to begin attacking Iran's power grid.
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Middle East crisis live: Trump pausing strikes on Iran energy sites; Houthis say ‘no reason' to halt Red Sea shipping The GuardianIran Live Updates: Trump Extends Deadline for Iran to Open Strait of Hormuz or Face Power Grid Strikes The New York TimesOil Drops As Trump Pauses Iran Strikes, But Stock Traders Nervous Barron'sIran war live: Trump delays attacks on Iranian energy sector by 10 days
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Iran Has Rejected the U.S.'s Ceasefire Proposal. Here's What That Could Mean for Oil Stocks in the Coming Weeks. Yahoo FinanceView Full Coverage on Google News
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Disruptions in the flow of oil through the Strait of Hormuz over the past four weeks will unleash a "sequential" shock to global supplies that'll run from east to west with much of the world taking a hit by April, according to strategists at J.P. Morgan.
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President Trump on Thursday extended his five-day pause on a planned U.S. attack on Iran's energy infrastructure until April 6, but Iran's critical oil-export hub, Kharg Island, remains in the spotlight as the next potential target.
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Gasoline prices have jumped about a dollar a gallon since the war with Iran began. And diesel prices are up even more. That's tough on truckers, fishermen, and just about everyone else.
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Investors continued to parse conflicting signals on whether the war in the Middle East was nearing de-escalation.
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Trump reveals 'present' from Iran, confirms estimated timeline for war Fox NewsTrump says Iran let 10 oil ships through Strait of Hormuz as 'present' to U.S. CNBCTrump reveals ‘present' from Iran as tankers move through Hormuz Fox News
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