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Workers around the world demonstrate on May Day, in photos

By The Associated Press

People across Asia kicked off May Day with large marches and protests as many workers grapple with rising energy costs and shrinking purchasing power tied to the Iran war. Also known as International Workers’ Day or Labor Day, the holiday highlights the struggles and achievements of workers worldwide. Thousands are taking to the streets from Asia to Europe and beyond calling for stronger labor protections, higher wages and greater equality while drawing attention to stagnant incomes and the rising cost of living.

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This is a photo gallery curated by AP photo editors.

Wall Street falls from its records and oil prices jump after fighting flares in the Middle East

By The Associated Press
NEW YORK (AP) — The U.S. stock market fell from its record heights Monday, while oil prices jumped following escalations in the Middle East that may undermine the ceasefire in the war with Iran. The S&P 500 sank 0.4%, coming off its latest all-time high. The Dow Jones Industrial Average dropped 557 points, or 1.1%, and the Nasdaq composite slipped 0.2%. The action was stronger in the oil market, where the price for a barrel of Brent crude leaped 5.8% to settle at $114.44. It jolted higher after the United Arab Emirates, a U.S. ally, said it came under attack by Iran for the first time since the ceasefire took hold in early April. The attacks appeared to be in response to U.S. President Donald Trump’s latest efforts to reopen the Strait of Hormuz. Iran’s closure of the strait has kept oil tankers pent up in the Persian Gulf and away from customers worldwide. That in turn has sent the price of Brent soaring from roughly $70 per barrel before the war.
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