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Oil Tops $100 as War Pushes Energy Prices Higher

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Story summary
  • The United States and Israel’s war against Iran has driven oil above $100 a barrel.
  • Protesters burned tires and cars in Guatemala and Syria to denounce rising energy costs.
  • Diesel hit $9 a gallon in Portugal, prompting drivers to honk as traffic crawled.
  • Asian developing nations dependent on Middle Eastern energy carry deep debt from earlier war-impact measures.
  • Governments debate raising price hikes versus expanding subsidies that could increase debt.