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Oil prices moved higher on Wednesday as markets continue to watch developments in the U.S.-Iran war.
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The group of nations welcomes the idea of releasing oil in response to the surge in prices since the US-Israel war with Iran began
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Drivers are paying an average of 20 percent more at the pump since the strikes on Iran began. The global oil price was up and stocks in Asia rose.
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Overall prices cooled in recent months but remain above the Fed's target.
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Trump's Iran war will affect more than just gas prices.
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Asian shares have rebounded from their sharp declines a day before
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The attack on Iran has led to a surge in energy prices at a moment when the cost of living is a major issue heading into the fall elections.
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