Energy Reserves
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US Gas Prices Surge Amid Iran Conflict, International Reserves Tapped
Average U.S. gas prices have climbed to $3.60 per gallon, the highest since May 2024, as the conflict involving Iran disrupts global oil supplies and prompts a record release from international energy reserves.
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G7 Eyes Emergency Oil Release as Middle East Conflict Pushes Prices Over $115
An urgent meeting between G7 finance ministers and the IEA will address the spike in crude prices over $115 due to Middle East conflict and supply disruptions.