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Oil prices ticked back up on Monday as the countries’ standoff deepened; both sides have signaled they are dug in on their stances.
It’s unclear whether Trump would resume military attacks on Iran, though the US Navy advertised the arrival of a nuclear-armed submarine near the Mediterranean, widely interpreted as a warning to Tehran.
As concerns over global energy supply ballooned, Trump on Monday backed suspending the federal gas tax to ease the strain on Americans’ wallets at the pump.
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