US stocks retreat as oil prices shoot higher
Business
NEW YORK: Wall Street stocks retreated early Monday (Apr 13) after weekend US-Iran talks failed to produce an accord while Washington moved ahead with a naval blockade , sending oil prices higher. US President Donald Trump had announced on social media he would blockade the strategic Strait of Hormuz trade route that he had previously demanded Tehran re-open fully, after Vice President JD Vance left negotiations with an Iranian delegation in Islamabad without a deal. Oil prices were back above
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