The deal, which will enhance American military presence on the Arctic island, falls short of the president’s stated takeover ambitions.

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Oil futures fell, with market concerns about Saudi Arabia supply disruptions tempered by expectations that some flows could soon be restored through the kingdom’s damaged East-West Pipeline.

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The yen weakened, after the Bank of Japan raised its policy rate by a quarter percentage point to 1.25% in a widely expected move. The dollar gained to 156.90 yen from 156.14 yen.

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