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Oil prices remain low; Strait of Hormuz at center of Iran, Oman negotiations Fox NewsIran threatens 45 tankers with fines, confiscation in Hormuz escalation ReutersIran updates: Iranian parliament advances plans for Hormuz service fees Al Jazeera
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The cost of the fuel, used in farm machinery, trucks and other heavy equipment, has surged because of the war in Iran and Ukrainian attacks on Russian refineries.
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