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The Dow Jones Industrial Average fell about 325 points, or 0.7%.
The International Energy Agency will release 400 million barrels from reserves, its largest emergency release ever.
KEY POINTS
- Oil prices spiked about 3% following reports of attacks on vessels near the Strait of Hormuz.
- Oracle shares surged 13% after exceeding earnings expectations and raising its 2027 revenue forecast.
- US consumer price index rose 2.4% year-on-year in February, matching economists’ predictions.
COMPANIES
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