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BUSINESSJul 8 · 18:29 UTCWDIV CLICKONDETROITCathy Bussewitz And Mae Anderson, Associated Press

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, fueling concerns about increased fuel costs. Tanker traffic through the Strait of Hormuz has halted, and the US Strategic Petroleum Reserve is at its lowest level since 1983, reducing options to stabilize prices.

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United StatesplaceIranplaceDonald TrumppersonPersian GulfplaceStrait of HormuzplaceRystad EnergyorganizationJorge LeonpersonU.S. Strategic Petroleum Reserveorganization
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