Oil jumps above $116 as Trump's Strait of Hormuz deadline approaches

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Oil prices jumped and stocks tumbled Tuesday after the U.S. launched fresh strikes on Iran's Kharg Island and Trump's deadline for Hormuz to reopen approached.

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              Oil prices jumped and stocks tumbled Tuesday after the U.S. launched fresh strikes on Iran's Kharg Island and Trump's deadline for Hormuz to reopen approached.
            

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