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Inflation has jumped to its highest level in more than three years. Much of the increase is fueled by higher gasoline prices since the U.S. launched its war with Iran.
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The European Central Bank is set to raise rates, the first such move since September 2023, as energy disruptions caused by the Iran war drive higher prices.
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Democrats target Trump on energy prices, but the climate agenda's regulations on coal, natural gas and oil made energy less affordable for Americans.
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