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The Nexus
BUSINESSJul 8 · 18:29 UTCWTOP DCWTOP Staff

The tenuous state of a US-Iran ceasefire renews anxiety over high fuel prices

The potential collapse of a US-Iran ceasefire has caused oil prices to rise to their highest level in weeks, raising concerns about renewed fuel price increases. Tanker traffic through the Strait of Hormuz has stalled, and the US Strategic Petroleum Reserve is at its lowest level since 1983, amplifying market anxieties.

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United StatesplaceIranplaceDonald TrumppersonJorge LeonpersonRystad EnergyorganizationMichael LynchpersonEnergy Policy Research InstituteorganizationStrait of HormuzplaceUS Strategic Petroleum Reserveplace
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