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Americans Grapple with Inflation as Iran War Drives Up Fuel Costs, Budget Strain Evident
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Iran War Impact: Americans Suffer as Fuel Prices Soar, Budgets Ruined
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CNBC Awaaz
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20-03-2026, 17:12
Iran War Impact: Americans Suffer as Fuel Prices Soar, Budgets Ruined
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Iran war's impact on global oil supply directly affects American families.
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Petrol prices have increased by about $1 per gallon since February 28, pressuring household budgets.
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55% of American families report rising fuel prices affecting their expenses; 87% expect further increases.
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63% disagree with Donald Trump's handling of inflation and cost of living, while 35% approve.
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Geopolitical tensions related to Iran are disrupting global oil supply, driving up fuel prices worldwide.
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