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Hamas Steps Back From All-Out War With Israel

Egypt has mediated a cease-fire between Hamas and Israel in Gaza, according to Hamas officials, as an intense exchange of fire between the two sides halted amid hopes that a wider war between them could be averted.

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Russia Is Surprise Beneficiary of Iran Oil Ban

The latest round of U.S. sanctions against Iran is benefiting Russia, which is offering to buy Tehran’s stranded crude oil in exchange for Russian machinery and food. Meantime, Russian companies are selling oil to Europe and Asia, filling the void left by Iran’s drop in exports.

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