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Story summary
- U.S. President Donald Trump weighs protection for oil tankers in the Strait of Hormuz as fuel prices rise amid U.S.-Israeli action against Iran.
- The administration considers discounted insurance and potential U.S. Navy escorts for tankers.
- Oil prices have surged nearly $10 per barrel since the conflict began, raising concerns that high prices could trigger inflation and affect rates.
- Meanwhile, LNG exports from Qatar have been disrupted due to the conflict.
