The Age
·general
·2 hours ago
Trump’s oil gamble could blow up in his face
Donald Trump’s push for energy independence met challenges after Iran’s closure of the Strait of Hormuz. U.S. oil prices soared to nearly $100 per barrel, but analysts warn that American producers face limitations in increasing exports amid high global demand. With a lack of shipping capacity, suppliers are finding it difficult to meet the needs of European and Asian markets.
Summary by Glance · The Age
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