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U.S.-China summit

A view shows oil pump jacks outside Almetyevsk in the Republic of Tatarstan, Russia June 4, 2023. REUTERS/Alexander Manzyuk/File Photo
May 15, 2026

Oil prices up 2% as Trump and Iran’s comments dent peace hopes

Oil prices rose about 2% after comments from U.S. President Donald Trump and Iran's foreign minister reduced hopes for peace around the Strait of Hormuz.

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