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Oil futures rise after U.S., Iran trade fire; stock futures quiet after court rejects Trump’s tariffs

MarketWatch · May 7, 2026, 11:34 PM · Also reported by 4 other sources

Oil futures moved higher late Thursday while stock-index futures were little changed after the U.S. and Iran exchanged fire in the Persian Gulf, and after a federal court struck down President Donald Trump’s backup tariff plan.

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Oil futures rise after U.S., Iran trade fire; stock futures quiet after court rejects Trump’s tariffs

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