Stocks, Bonds Fall as Fresh U.S.-Iran Flare-Up Weighs on Peace Hopes

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By Dow Jones Newswires Staff Oil prices rose and stocks and bonds weakened as a fresh wave of U.S. attacks against Iran weighed on hopes for an imminent peace agreement. Investors pulled back from risk in response to escalating tensions. U.S. forces shot down Iranian drones headed for commercial ships in the Strait of Hormuz, according to U.S. officials, further damaging peace hopes that had buoyed markets earlier this week. Mixed messages from the warring parties also helped to damp sentiment, with President Trump dismissing an Iranian state news report that Tehran had received an unofficial draft of an agreement…

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