US wants to curb oil price increases

“Starting tomorrow, you will see us implement these steps to mitigate. We anticipated that this could be a problem,” said US Secretary of State Marco Rubio.

He added that US Treasury Secretary Scott Bessent and Energy Secretary Chris Wright will announce the relevant plans on Tuesday, according to Reuters.

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Global oil prices rose sharply, jumping 13% at the start of trading after Iran attacked at least three ships in the Strait of Hormuz.

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