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Gas Prices Soar Amid U.S.-Iran Conflict

Published 1 week ago
Description

Gas prices soar amid U.S.-Iran conflict, with national average reaching $3.54 per gallon; oil markets fluctuate wildly, Brent crude surging to nearly $120 before dropping below $90; disruptions from major Middle East producers like Saudi Arabia and Iraq contribute to supply shortage, with nearly one fifth of worldwide crude oil and natural gas supply offline; Trump administration expects lower costs once threat ends, considering eased sanctions on Russia to stabilize market.

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