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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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