August 20, 2026

Washington Eases Gasoline Rules as Iran Pressure Campaign Jolts Fuel Costs

Washington Eases Gasoline Rules as Iran Pressure Campaign Jolts Fuel Costs

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By Julianne Geiger – Aug 20, 2026, 4:30 PM CDT Washington is tightening the screws on Iran and loosening the rules on gasoline at the same time as Americans are paying more than $4 a gallon. The Environmental Protection Agency on Thursday authorized an early switch to cheaper winter-grade gasoline, allowing sales of gasoline blended […]

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Bessent Says He Doesn’t “Understand” Oil Price Spike After Trump War Escalation

Bessent Says He Doesn’t “Understand” Oil Price Spike After Trump War Escalation

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Oil prices rose after Trump threatened “ECONOMIC D-DAY,” then again after Bessent vowed to “collapse” Iran’s government. Treasury Secretary Scott Bessent speaks to members of the press outside the West Wing at the White House on August 20, 2026 in Washington, D.C. Alex Wong / Getty Images Did you know that Truthout is a nonprofit

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Govt Approves Rs. 128 Billion for Public Relief, PM Shehbaz Sharif

Govt Approves Rs. 128 Billion for Public Relief, PM Shehbaz Sharif

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Prime Minister Shehbaz Sharif has said the federal government provided Rs. 128 billion in relief to protect the public from the impact of rising fuel prices and inflation. The amount was used to reduce pressure on consumers during the period of sharp increases in global oil prices. He made the statement while addressing a federal

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Oil hits 3-week high on Middle East supply concerns amid war impasse, Money News

Oil hits 3-week high on Middle East supply concerns amid war impasse, Money News

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LONDON — Oil prices climbed to three-week highs on Thursday (Aug 20), driven by concerns that the impasse in the Iran war will continue to disrupt supply from the key Middle Eastern producing region. Brent crude futures for October delivery rose US$1.20 (S$1.53), or 1.3 per cent, to US$92.82 a barrel by 8.13am GMT (4.13pm

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