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POLITICSAug 3 · 14:20 UTCNY POSTTaylor Herzlich

Dow soars 500 points, oil slides over 5% after Trump announces new Iran peace talks

The Dow Jones Industrial Average rose over 500 points, while oil prices fell more than 5% following President Trump's announcement of new Iran peace talks. Trump canceled planned 'massive' attacks on Iran after appeals from Gulf state allies.

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