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Stocks fall as Iran’s new supreme leader vows to keep Strait of Hormuz closed

Stocks fall as Iran’s new supreme leader vows to keep Strait of Hormuz closed

By John Towfighi, CNN New York (CNN) — Stocks fell and oil prices surged Thursday as the war with Iran continued to stoke fears of higher energy costs and disruptions to the global economy. The major US stock indexes were down 1% or more, extending a recent bout of volatility. The Dow fell 655 points,

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