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The memorandum of understanding for the Iran conflict seems to be holding, with the signing in Geneva inching closer without a reversal so far.
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The preliminary agreement may not have an immediate effect on prices at the pump. Damaged infrastructure and risky transport could keep costs up.
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The U.S. may be the world's biggest producer of crude oil, but that's not the case for motor oil. The cost of lubricants is soaring, and even a tentative deal to end the war won't solve the problem.
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