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2026-10-22T19:06:07.000Z

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Volkswagen employees threaten strike over wages

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42 Mins2026-10-23T14:53:00.000Z
Volkswagen employees threaten strike over wages

IMDC secures 3 contracts from Saudi Aramco

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5 Hrs2026-10-23T10:03:00.000Z
IMDC secures 3 contracts from Saudi Aramco

Russian diesel ship heads to New York

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8 Hrs2026-10-23T07:10:24.000Z
Russian diesel ship heads to New York

Blackstone Q3 EPS rises to 1.32

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20 Hrs2026-10-22T18:54:00.000Z
Blackstone Q3 EPS rises to 1.32

American Airlines anticipates losses in 2026 due to higher fuel costs

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23 Hrs2026-10-22T16:31:00.000Z
American Airlines anticipates losses in 2026 due to higher fuel costs
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Trump Blames Iran for Rising Oil Costs

U.S. President Donald Trump accused Iran of attempting to boost global oil prices ahead of the upcoming Congressional elections on November 3. He relied on reports alleging that Tehran fabricated claims of attacks and sea mines aimed at influencing the market. Despite Trump administration efforts to lower fuel costs—such as providing $8 billion in support to farmers and easing restrictions on Russian diesel imports—gasoline and diesel prices remain high in the United States, with gasoline surpassing $4.29 per gallon and diesel prices rising by 75% to $6.30. The fuel market is under additional pressure due to global supply disruptions, particularly in the Middle East, and damage to refining facilities. These factors are increasing financial burdens on American households and raising expectations of higher fuel prices during the winter.

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