Trump lauds higher oil prices as a win amid Iran conflict

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Source: PBS
Trump lauds higher oil prices as a win amid Iran conflict
Photo: PBS
TL;DR Summary

President Trump pivots from bragging about low gas prices to framing rising oil prices as a positive, citing U.S. oil production and the Iran-related disruptions in the Strait of Hormuz. The administration weighs actions like a coordinated oil release and potential waivers to keep energy flowing, while analysts warn higher prices could fuel inflation and slow growth ahead of midterm elections.

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