CNBC Technology·2 min read
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Stock futures are up as President Trump announces a 15% global tariff and U.S. support for Gulf oil trade. The S&P 500 cut losses, ending down just 1% after a dramatic midday reversal amid ongoing U.S.-Iran tensions.
Trump's assurances have eased crude prices, impacting investor sentiment. With tech firms like Nvidia closing offices in the Middle East, the oil market's stability is crucial for broader economic health as geopolitical tensions rise.
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