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Oil settles up over $2 as Iran war stalemate stokes supply concerns

Oil settles up over $2 as Iran war stalemate stokes supply concerns

By Georgina McCartney HOUSTON, Aug 17 (Reuters) - Oil prices settled up by more than $2 on Monday on global supply worries stoked by investor pessimism about diplomatic efforts to resolve the Iran war, with U.S. President Donald Trump demanding Iran's surrender and threatening to bomb Oman.
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Oil jumps $2 as investors weigh Iran war stalemate, stoking supply concerns

Oil jumps $2 as investors weigh Iran war stalemate, stoking supply concerns

By Georgina McCartney HOUSTON, Aug 17 (Reuters) - Oil prices rose by more than $2 on Monday on global supply worries stoked by investor pessimism about diplomatic efforts to resolve the Iran war, with U.S. President Donald Trump demanding Iran's surrender and threatening to bomb Oman.
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Canada's July annual inflation accelerates to 3% as gasoline rebounds

Canada's July annual inflation accelerates to 3% as gasoline rebounds

By Promit Mukherjee OTTAWA, Aug 17 (Reuters) - Canada's annual inflation rate accelerated to 3% in July, slightly more than expected, as renewed United States-Iran tensions drove gasoline prices, while the cost of travel tours also rose, data showed on Monday.
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New Syria-Iraq crude pipeline still years away, sources say

New Syria-Iraq crude pipeline still years away, sources say

By Timour Azhari, Feras Dalatey and Sheila Dang RIYADH/DAMASCUS/HOUSTON, Aug 17 (Reuters) - Iraq's plans to export oil via a pipeline through Syria to avert future disruptions in the Strait of Hormuz will likely require four years of construction and cost at least $15 billion, sources with knowledge
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Morning Bid: Retail risk

Morning Bid: Retail risk

By Mike Dolan Aug 17 (Reuters) - What matters in U.S. and global markets today By Mike Dolan, Editor-at-Large, Finance and Markets A relatively quiet week ahead kicks off today in the shadow of the first drop in U.S. retail sales in nine months last Friday, teeing up second-quarter results from Home
TheStreet TheStreet
Another airline shuts down after suspended license, all flights canceled

Another airline shuts down after suspended license, all flights canceled

As both jet fuel prices hit new highs and the airspace in much of the Middle East remains closed amid periodic flare-ups following the U.S. attack on Iran, multiple airlines have not been able to survive the massive hit to their services. Local Middle Eastern major players such as Emirates, Etihad ...
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US to announce steps to help refiners produce more fuel, energy chief Wright says

US to announce steps to help refiners produce more fuel, energy chief Wright says

By Sheila Dang MIDLAND, Texas, Aug 17 (Reuters) - U.S.
USA Today USA Today
Little League World Series: Meet the 2026 teams headed to Williamsport

Little League World Series: Meet the 2026 teams headed to Williamsport

Which team shocks the world in Williamsport? Learn about the 20 teams chasing the Little League World Series title and the future global superstars.
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Oil hangs onto gains as US-Iran peace talks stall, Hormuz shipping slows

Oil hangs onto gains as US-Iran peace talks stall, Hormuz shipping slows

By Sethuraman N R and Florence Tan NEW DELHI/SINGAPORE, Aug 17 (Reuters) - Oil prices were mostly steady on Monday, maintaining gains made last week, as prospects for a lasting U.S.-Iran peace deal appear increasingly remote and fears of supply disruptions in the Strait of Hormuz are ever present.
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Oil treads water as US-Iran peace talks stall, Hormuz shipping slows

Oil treads water as US-Iran peace talks stall, Hormuz shipping slows

By Florence Tan SINGAPORE, Aug 17 (Reuters) - Oil prices barely moved in early trade on Monday as tanker traffic through the Strait of Hormuz slowed over the weekend with no peace deal in sight between the United States and Iran to end the conflict in the Middle East.
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European shares tick higher as easing Fed hike bets lift gold

European shares tick higher as easing Fed hike bets lift gold

By Tharuniyaa Lakshmi Aug 17 (Reuters) - European shares inched up on Monday, led by basic resources stocks as gold prices advanced, while easing expectations of a Federal Reserve rate hike supported sentiment.  The pan-European STOXX 600 was up 0.1% at 658.51 points, as of 0823 GMT.
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US, Canada hold last-minute talks to stop 50% U.S. tariffs on $20 billion worth of Canadian goods

US, Canada hold last-minute talks to stop 50% U.S. tariffs on $20 billion worth of Canadian goods

Tension between Washington and Ottawa is already high, stoked by trade disputes and President Donald Trump's inflammatory comments about making Canada the 51st U.S. state