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Oil slips, stocks rise as report says Trump willing to end war

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Jerome Powel said Federal Reserve officials feel monetary policy is in a 'good place'

Jerome Powel said Federal Reserve officials feel monetary policy is in a 'good place'

Oil prices sank and most stocks rose Tuesday, following a report that indicated Donald Trump was willing to end the Iran war even if the key Strait of Hormuz remained closed.

But investors remain wary as the Wall Street Journal story came on the same day the US president threatened to destroy Iran's key oil export hub and desalination plants unless it accepts a deal, while also suggesting diplomacy was making headway.

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Originally published on doc.afp.com, part of the BLOX Digital Content Exchange.

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