US pump prices surge as Iran war upends global energy supply

MARIETTA/NEW YORK, Mar (Arab News): US retail gasoline and diesel prices are soaring as the US-Israel war with Iran constrains oil and fuel exports, which could be a political test for President Donald Trump's Republican Party ahead of midterm elections in November.Fuel prices jumped more than 10 per cent this...

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Venezuela inflation hit 475pc in 2025, the world's highest level

CARACAS, Mar 07 (AFP): Venezuelan inflation soared to 475 per cent in 2025, the highest in the world, driven by a tightening of US sanctions in the lead up to the ouster of leader Nicolas Maduro.Full-year inflation far exceeded the International Monetary Fund's forecast of 269.9 per cent, figures released...

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Gulf oil exports could stop within weeks, warns Qatar as Iran war continues

RIYADH, Mar 07 (Arab News): Gulf oil producers could halt exports within weeks due to the ongoing Middle East war, sending crude prices to $150 a barrel, according to Qatar's energy minister.In an interview published on Friday, Saad Al-Kaabi warned oil could hit the figure in two to three weeks...

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