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West Texas Intermediate and Brent had settled 7% and 5% higher on Monday.
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European stocks traded broadly lower on Tuesday as investors try to gauge the direction of efforts to end the U.S.-Iran war.
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Apple CEO Tim Cook's move to executive chair spurred commentary from tech leaders Sam Altman and Palmer Luckey, as well as Warren Buffett.
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The investigation into Powell threatens to derail or delay Warsh's nomination.
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Oil markets have whipsawed since the start of the Iran war, with supply risks around the Strait of Hormuz driving extreme price swings and historic volatility.
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A British-French plan to secure the Strait of Hormuz would give the continent a role. But Tehran and Washington are still calling the shots.
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Kevin M. Warsh has enough support to become the next chair of the Federal Reserve, but a criminal investigation into the central bank stands in his way.
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The 65-year-old Cook will turn over CEO duties to Apple's head of hardware products, John Ternus, in September. Cook will remain with the company as executive chairman.
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The Trump administration asserts a nearly 50-year-old law requiring the preservation of presidential records is unconstitutional. Historians warn important papers could be destroyed.
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