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Axios

Trump's energy chief blames oil price spike on market fear

Trump's energy chief blames oil price spike on market fear

The Trump administration's top energy official argued Sunday that fear — not supply shortages — is driving a historic surge in oil prices. The big picture: The world is well-supplied with oil, but markets are reacting to real-world disruptions — a strangled Strait of Hormuz, halted production and strikes on fuel storage. The administration is road-testing a political argument to insulate itself f

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