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The U.S. strikes on Kharg Island and Trump's threat to hit Iran's oil infrastructure mark a major escalation in the war, according to JPMorgan.
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With the Iran war entering a third week and the price of oil reaching nearly $105 a barrel on Monday, President Trump again urged NATO countries and China to help the U.S. secure the vital Strait of Hormuz.
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The money will be for "vulnerable" households who have faced a sharp rise in energy bills since the outbreak of the US-Israeli war with Iran.
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The statistics bureau said that China's energy supply is "relatively strong," while announcing an uptick in domestic production.
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