Environment
‘Oh, boy’: Oil industry frets over Trump’s profit-minded Iran post
Tanker backlogs, damaged energy infrastructure and threats in the Strait of Hormuz could keep gasoline prices elevated.
The move comes as the U.S. and Israel’s war in Iran has sent oil prices soaring, with a key choke point effectively blocked.
President Donald Trump on Thursday seemingly dismissed the market disruptions having a dramatic impact on the U.S. economy.
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