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Ahead of U.S.-Iranian talks in Pakistan over the weekend, Iran's de facto control of the Strait of Hormuz remains a thorny issue, with traffic through the waterway still severely limited.
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The S&P 500 rose 3.6 percent, its biggest weekly gain since last year. Investors are bracing for developments in peace talks between the United States and Iran, set for the weekend.
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A U.S. delegation is set for talks with Iran on Saturday as part of the cease-fire, however Israel has continued to attack Lebanon, endangering the agreement
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Strait of Hormuz Constraints Keep Oil Prices Elevated Crude Oil Prices Today | OilPrice.comOil ends lower ahead of U.S.-Iran ceasefire talks, posts steepest weekly loss since 2022 ReutersThe third Gulf war will scar energy markets for a long time yet The EconomistOil is plunging, but don't expect $3 gas anytime soon. Here's why | CNN Business CNN
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