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Oil prices climbed on Monday after Yemen's Houthis said they had fired missiles at Israel, opening a new front in the U.S.- and Israeli-led conflict with Iran.
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The impacts from the Iran war continue to way on global supply chains as economists raise their expectations for a potential recession in the U.S.
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European stocks are expected to start the new trading week in negative territory as the war in Iran showed no signs of ending soon as it entered its fifth week.
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Asia-Pacific markets fell Monday as the Middle East war enters its fifth week.
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Pakistan's foreign minister says Islamabad will soon host talks between the U.S. and Iran.
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It comes after Iran-backed Houthi rebels in Yemen joined the conflict by striking Israel over the weekend.
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Global oil prices jumped and U.S. stock futures slid ahead of Monday's market open after the weekend saw Iran-backed Houthi militants launch ballistic missiles at Israel and 3,500 additional U.S. troops arrive in the Middle East as the conflict rounded one month.
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Protesters from the Iranian diaspora in the U.S. gathered in Washington, D.C. as the war in the Middle East broadens. Many say they are aligned with the U.S. and Israel and explain why they want to see regime change in Tehran.
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UNICEF spokesperson Ricardo Pires joined ABC News Live to discuss the impact of war on children across the Middle East.
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Already pinched by the high costs of living, some families have modified how they plan to travel by road and air as the Iran war pushes gas and oil prices higher.
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