WASHINGTON: U.S. fuel markets remain sensitive to developments in the Middle East as crude oil prices stay elevated and shipping through the region faces uncertainty.
Reuters reported that oil prices have risen sharply during the U.S.-Iran conflict, adding to inflation concerns for American households and businesses.
The U.S. administration has also moved to use strategic crude reserves as part of efforts to support fuel-market stability.
Source: Reuters and U.S. Department of Energy.
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