Oil prices surge as Middle East tensions mount despite Jones Act pause

1 min read
Source: The Washington Post
Oil prices surge as Middle East tensions mount despite Jones Act pause
Photo: The Washington Post
TL;DR Summary

Oil prices climbed toward $110 a barrel as Israel and Iran threatened more attacks on petroleum facilities, with gas averaging about $3.84 a gallon nationally—roughly 32% higher than a month earlier—despite President Trump’s suspension of the Jones Act intended to ease shipping.

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