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Oil prices jump and Wall Street slides with US, Iran clashing in the Strait of Hormuz

Oil prices climbed more than 5% and Wall Street veered toward losses before the opening bell Monday as a standoff between Iran and the U. S. prevented tankers from using the Strait of Hormuz. Futures for the S&P 500 also fell 0. 5% while futures for the Dow Jones Industrial Average slid 0. 6%. Nasdaq futures also were off by 0. 5%. The Persian Gulf's Strait of Hormuz — a passageway for 20% of the world's oil — was closed again after Iran reversed a decision to reopen the strait and Donald...

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