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Story summary
- The ongoing war in Iran disrupted global oil markets, sending prices above $100.
- Fears of supply shortages from the Strait of Hormuz closure drove the spike.
- U.S. President Donald Trump suggested a swift end to the conflict, and prices briefly fell.
- Asian countries implement measures to manage fuel shortages, while the United States sees gasoline climb from $2.92 to $3.54 per gallon.
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