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The Economic Times

Economy / The Economic Times

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Trump bragged about low gas prices. The Iran conflict has him doing an about-face

President Trump's stance on soaring oil prices has shifted, now touting them as beneficial for U.S. revenue. This comes as the Strait of Hormuz remains a flashpoint, with conflicting messages on ensuring tanker safety. The administration is also easing sanctions on Russian oil to stabilize markets, a move analysts suggest offers only temporary relief.

13 Mar 2026 7:13 am