
Trump's Iran Exit Boosts Oil Prices
Business & Finance News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Oil prices stabilize as Trump hints at US withdrawal from Iran conflict, but Iranian officials maintain control of Strait of Hormuz, keeping global crude and gas supplies tight. US retail gasoline hits four dollars a gallon, fueling inflation concerns. Analysts predict price dips will be quickly bought up, and China, Pakistan propose ceasefire and safe Hormuz passage. Ship transits increase, easing panic in crude futures curve.
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