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While the president has promised rapid relief, Americans could feel the financial sting of the conflict for some time after it ends.
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Oil futures climbed by nearly 5% Tuesday, with global prices settling above $104 a barrel following a report that the Pentagon plans to deploy an airborne Army unit to the Middle East to support its operations against Iran — signaling that the situation in the region is poised to intensify.
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Global oil prices trade above $103 a barrel after reports that Saudi Arabia and U.A.E. are weighing joining war against Iran MarketWatchOil rises with Brent climbing back above $100 as optimism fades over Iran war de-escalation CNBCOn Oil Prices, The Narrative Shifts To ‘Higher For Longer' ForbesOil Prices Rise a Day After 10% Plunge The New York Times
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Several states paused gas taxes when oil prices surged in 2022 following Russia's invasion of Ukraine. This time is different, though.
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A new phase targeting oil and gas infrastructure in the Persian Gulf threatens to hurt businesses and customers around the world for months or even years.
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Share price rises for clean energy companies outstrip oil majors as investors bet on switch to renewables
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