Live Updates: Trump says Iran war could wrap up in 2-3 weeks as conflict pushes gas prices over $4 a gallon
President Trump expects the US operations in Iran to wrap up in 2-3 weeks, as the conflict pushes gas prices over $4 a gallon. The war has caused disruptions in the Strait of Hormuz, a key chokepoint for oil exports from the Middle East, leading to a surge in oil prices globally.
President Trump said the US operations in Iran will end in 2-3 weeks. The conflict has caused gas prices to rise over $4 a gallon. The Strait of Hormuz has been closed to ship traffic, affecting oil exports. Trump said other countries will have to fend for themselves if they need to import oil or natural gas from the Middle East. The US does not import much petroleum from the Persian Gulf region and produces more oil than it uses. The disruptions have pushed up prices globally, including in the US. Wall Street posted its best day since last spring, with the S&P 500 closing up 2.9% and the Dow Jones Industrial Average spiking 2.5%.
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