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Gas Prices Soar, US Releases Oil Reserves

Published 3 weeks, 3 days ago
Description

Gas prices soar, reaching $3.91 per gallon, as crude oil prices surge due to Middle East conflicts. The Strait of Hormuz closure disrupts supplies, impacting air travel and goods shipping. The US and IEA plan to release 170 million barrels from strategic reserves, aiming to ease prices, but volatility persists.

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