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Stock futures fall after Trump ultimatum to Iran; Wall Street tries to snap 4-week slide: Live updates CNBCOil Rises as Trump's Hormuz Ultimatum Risks Escalating War Bloomberg.comOil prices to rise further on Monday as Mideast war escalates ReutersExclusive | Saudi Arabia Sees a Spike to $180 Oil if Energy Shock Persists Past April WSJ
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"Fifty days of temporary elevated prices - prices will come off on the other side - for 50 years of not having an Iranian regime with a nuclear weapon, the American people, they are beginning to understand, thanks to President Trump, that there is no prosperity without security," he said.
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Across the South and Southwest, where price hikes have been the most severe, drivers have lamented how the increased costs have cut into their budgets.
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Oil prices to rise further on Monday as Mideast war escalates Reuters
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It's not a great time to be a country that relies on imports of oil and gas as the war with Iran disrupts global energy markets. But countries that have invested in technologies like solar energy, batteries, and electric vehicles are finding themselves less vulnerable to price shocks. Energy experts say renewables and EVs are also energy security solutions.
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