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World
Oil Prices Surge Globally Amid Escalating US-Iran Conflict. Supplies Tighten
April 30, 2026
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Posted 2 hours ago by
Disruptions from the US war with Iran are pushing up fuel prices and straining global energy supplies, lawmakers warned, citing mounting pressure on economies worldwide. At a congressional hearing on Wednesday (local time), lawmakers pointed to instability around the Strait of Hormuz, a key shipping route for global oil flows, as a major source of concern.
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