Move is part of a broader US push to curb politically sensitive fuel price spikes before November’s midterm elections, even though impact on lowering fuel prices is questionable.
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United States President Donald Trump granted a 90-day extension to a shipping waiver that makes it easier to move oil, fuel and fertiliser around the US, the White House has said, the latest effort to curb rising energy costs linked to the war with Iran.
Friday’s move, even though its impact on lowering prices is questionable, reflects a broader push by the White House to dampen politically sensitive fuel price spikes before November’s midterm elections, where affordability is expected to be a defining issue for voters.
