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Oil industry warns Trump administration of price spikes within weeks

Industry executives said loss of oil through the Strait of Hormuz is draining petroleum inventories...

BUSINESS NEWS June 04, 2026

Oil industry warns Trump administration of price spikes within weeks

Industry executives said loss of oil through the Strait of Hormuz is draining petroleum inventories to dangerously low levels.

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Industry executives said loss of oil through the Strait of Hormuz is draining petroleum inventories to dangerously low levels.

Author: Politico

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