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Story summary
- U.S. President Donald Trump is losing credibility over efforts to lower oil prices amid the Iran war.
- Analysts say the conflict has cost about half a billion barrels of oil, with prices above $90 per barrel.
- Trump's ceasefire claims have not reassured investors.
- The Strait of Hormuz remains closed, causing a global energy crisis and raising concerns about prolonged high prices and U.S. economic repercussions.
