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Oil prices fell over a percentage point on Friday as traders estimated that the threat of a disruption to world crude supplies from Saudi Arabia-led air strikes in Yemen was low. Goldman Sachs said in an overnight note that the strikes in Yemen would have little effect on oil supplies as the country was only a small crude exporter and tankers could avoid passing its waters to reach their ports of destination. Internationally traded Brent crude futures were trading at $58.44 a barrel at 0211 GMT, down 75 cents from their last settlement. Prices soared as much as 6 percent the previous day after a Saudi-led coalition of Arab nations began strikes on Shi'ite Houthis and allied army units who have taken over much of Yemen and seek to oust President Abd-Rabbu Mansour Hadi.
Iran's president appealed to global leaders including Barack Obama as negotiators raced against the clock to agree the outlines of a deal that puts an Iranian nuclear bomb out of reach. Hassan Rouhani wrote to the American president, US officials confirmed, as well as to the leaders of the five other powers heading efforts to resolve the 12-year standoff over Iran's nuclear programme. "We are acting in the national and international interest and we should not lose this exceptional opportunity," Rouhani told British Prime Minister David Cameron by phone, the presidency said. "Hope was expressed for success at the new round of talks in Lausanne," the Kremlin said after Rouhani spoke to President Vladimir Putin, while noting with "satisfaction" the progress made.
NEW YORK (AP) — An apparent gas explosion leveled an apartment building, largely destroyed another and launched rubble and shards of glass across streets in the heart of Manhattan's trendy East Village on Thursday, injuring a dozen people. Smoke could be seen and smelled for miles.