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President Donald Trump and some of his top administration officials met this week with oil and gas executives as the Iran war drags on and prices rise.
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The Pentagon estimates the war has cost $25 billion over the past two months. In congressional testimony, Defense Secretary Pete Hegseth did not say when the war might end.
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The national average price of a gallon of gasoline hit $4.23, following oil prices upward as supplies from the Middle East remain disrupted.
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Oil prices rose as investors parsed fresh signals from U.S.-Iran negotiations, with uncertainty over a potential de-escalation keeping markets on edge.
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