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"That's an indication of stress," Walmart's CFO said, as Wall Street looks for signs of the Iran war's impact on consumers.
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Physical supplies of oil through the Strait of Hormuz are 95% below regular levels.
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Now that the U.S. government must refund most tariffs, Walmart says it might put its refund money toward lowering store prices. Executives say the cost of gas has shoppers increasingly under stress.
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Trump delayed Biden-era EPA refrigerant rules, saying the move will lower grocery costs, though the impact on food prices remains unclear.
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