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Iran's IRGC Says Iran, Oman Agreed on Share of Hormuz Revenues
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US stocks closed higher, with the Dow Jones Industrial Average rising 0.83%; Donald Trump stated he would not attack Iran before the midterm elections, leading to an increase in oil prices; SpaceX acquired nationwide low-frequency spectrum, causing telecommunications stocks to fall.
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The U.S. imposed a new round of sanctions on Iran, causing oil flow through the Strait of Hormuz to drop significantly to 4 million barrels per day.
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