Iran war underscores risks of Trump’s relentless focus on oil
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The war in Iran has highlighted the risks of President Trump's focus on oil, as crude oil prices rise above $100 a barrel and gasoline prices surge toward $4 a gallon. The Republican president's strategy of blocking clean energy has left Americans vulnerable to supply shocks caused by the war.
President Trump's focus on oil has been underscored by the war in Iran. Crude oil prices have risen above $100 a barrel and gasoline prices are nearing $4 a gallon. The Strait of Hormuz, a key access point for the global oil market, remains blocked. Trump's strategy of blocking clean energy has left Americans with fewer alternative energy sources. The national average price for gasoline has jumped to about $3.96 per gallon. Trump has prioritized fossil fuels over renewable energy, providing tax breaks and fast-tracked permits for oil and gas drilling.
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