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US stocks fall as oil prices climb
The Standard & Poor's 500 index and U.S. stocks declined due to escalating geopolitical tensions in the Middle East, following the end of the ceasefire between the United States and Iran, which raises the possibility of renewed military escalation. Meanwhile, oil prices surged significantly, with Brent crude surpassing $90 per barrel and increasing by 2% compared to previous levels. Additionally, the yield on 30-year U.S. Treasury bonds rose to its highest level since 2007, reflecting growing economic risks resulting from the geopolitical situations.
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