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US gasoline futures fell to around $3.40 a gallon, extending losses for a second consecutive session, after reports that Iran proposed reopening Strait of Hormuz shipping within seven days, contingent on the US lifting its blockade. The statement bolstered hopes for a conflict resolution as President Trump is set to ad
Oil prices fell as concerns over disruptions to shipping through the Strait of Hormuz eased and Trump accused oil firms of 'gouging' consumers