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Experts have warned that if oil and gas prices remains elevated it could make goods and services more expensive.
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President Trump acknowledged for the first time on Tuesday the economic toll for Americans of his assault on Iran, saying oil prices were likely to spike.
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We speak with economist Michael Hudson, who details how President Trump opted to attack Iran despite progress at indirect U.S.-Iran negotiations. "The whole reason that America has attacked Iran has nothing to do with its getting an atom bomb," but instead the aim was U.S. control of oil, says Hudson. The Trump administration may have been after the ability to "turn off the power" to countries that don't follow U.S. foreign policy, he says.
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