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    "headline": "Global Markets Under Pressure: Oil Near $95, Stocks Fall Amid Middle East Tensions",
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    "prose": "Global financial markets faced pressure on September 2, 2026, due to confrontations between the United States and Iran around the Strait of Hormuz. [^1]\n\nBank of America strategists said there is a strong case for the Federal Reserve to raise interest rates this year, starting in September, pointing to above-target underlying inflation, diminished downside risks to the labor market, and strong incentives for Fed Chair Kevin Warsh to hike. [^2]\n\nAsian markets retreated, with Japan's Nikkei 225 closing down 2.9% and South Korea's Kospi falling nearly 4%. [^3]\n\nBrent crude oil was trading at approximately US$94.76 per barrel with a gain of 0.12%, while US WTI crude was at US$89.98 with a decrease of 0.26%. [^4]\n\nAsian stock markets fluctuated on Thursday as technology stocks remained volatile while investors awaited US employment data for clues on the Federal Reserve's interest rate path. [^5]\n\nShares of Volkswagen jumped 6% after the supervisory board of Europe's largest automaker struck a turnaround agreement. [^6]",
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