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The Nexus
BUSINESSJul 8 · 18:29 UTCKSTP ABC MINNEAPOLISJosh Skluzacek

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

The potential collapse of a US-Iran ceasefire has increased anxiety over rising fuel prices as oil prices hit a multi-week high following attacks on commercial ships and military sites. Tanker traffic through the Strait of Hormuz has halted, amplifying geopolitical risk, while gasoline prices edged higher amid concerns over disrupted oil flows.

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Mentioned
US-Iran ceasefiretopicDonald TrumppersonIranplaceUnited StatesplaceStrait of HormuzplacePersian GulfplaceJorge LeonpersonRystad EnergyorganizationMichael LynchpersonEnergy Policy Research InstituteorganizationU.S. Strategic Petroleum ReserveorganizationCrude OiltopicGasoline pricestopic
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