Oil Prices, Iran and Israel
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U.S. oil prices already jumped last week, which could cause prices at the pump to rise about 20 cents a gallon in the coming weeks, according to one estimate.
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Israel’s stunning attacks on Iran’s nuclear program and military leadership are embroiling the Middle East in another deadly war — and could imperil President Donald Trump’s pledge to slash oil prices for American consumers.
An exchange of strikes on refineries and gas facilities was limited but raised the risks to an industry with broad economic impacts.