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The Economic Times

Top News / The Economic Times

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Iran War: Trump is using the wrong oil price when declaring victory

While President Trump focuses on West Texas Intermediate crude oil prices staying below $100 a barrel as a win against Iran, the cost of refined fuels like gasoline and diesel has surged significantly. This rise in everyday fuel prices, driven by increased refining margins, poses a greater threat to the American economy than WTI's benchmark price.

20 Mar 2026 1:47 pm