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The Economic Times
The Economic Times

Trump's oil jawboning loses punch as wars spiral

Donald Trump Oil United States Iran Strait of Hormuz Ceasefire Energy Russia

US President Donald Trump's trademark ability to talk down oil markets with a few words is fading as the Iran war drags on, leaving global energy prices far more exposed to escalation.

The Republican president's so-called "jawboning" was one of the defining features of the Iran conflict's early months after fighting erupted in late February.

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