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U.S. stocks fall as Middle East tensions rise

U.S. stocks fall as Middle East tensions rise

The U.S. stock indices declined during Thursday’s trading session, influenced by rising oil prices and developments in the Middle East, including reports of a draft Iranian plan to ban passage of American and Israeli ships through the Strait of Hormuz, as well as news of explosions off the coast of Oman. The market experienced a period of calm after a phase of heightened activity driven by quarterly earnings results, with the S&P 500 dropping by 0.2%, the Nasdaq by 0.1%, and the Dow Jones falling approximately 464 points (0.9%). Concerns were raised about the possibility of Iran imposing tolls on ships passing through the strait following recent tensions, amid efforts to resolve the crisis through a potential agreement between Tehran and Muscat.

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