US waives Russian oil sanctions amid record gas prices
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The U.S. has waived sanctions on Russian oil to address supply disruptions caused by the closure of the Strait of Hormuz. Gas prices have surged to over $4.50 per gallon, a nearly 60% increase since 2026, costing consumers an additional $45 billion. The ongoing Iran war has reduced global oil flows by 20%, leading to price spikes and economic challenges worldwide.
Source: MSN The copyright of this article belongs to the original author/organization.
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