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Oil prices closed July up more than 20% — and more than 40% for the year — as the U.S.-Israeli war on Iran, now entering its sixth month, keeps supply risk front and center. President Trump said on July 31 that U.S. forces would attack Iran over the weekend, and a war-linked drone strike on Egypt's Damietta Port sent two ships up in flames. At U.S. pumps, the average gallon has crept back above $4.
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