US Gasoline Prices Near Five Dollars After Trump Speech
President Trump's pledge of aggressive strikes on Iran has pushed oil prices higher. Experts forecast national fuel costs to reach record levels within weeks.
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The address delivered by the President of the United States on Wednesday has set the stage for a sharp increase in domestic fuel costs, potentially reaching record levels just as the peak summer travel season approaches. Market experts indicate that the administration's stance on the conflict with Iran has dashed hopes for a swift reopening of the Strait of Hormuz, a vital global oil conduit currently under blockade.
