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Oil Prices Rise on U.S.-Iran Standoff
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Oil Prices Rise on U.S.-Iran Standoff

NY Times · May 12, 2026, 10:25 AM · Also reported by 1 other source

President Trump has declared the American cease-fire with Iran is on “life support,” and investors are taking a cautious approach as the lack of progress in peace talks weighs on the markets.

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The Guardian US inflation jumped to 3.8% in April as war with Iran continues to drive up prices

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