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A sustained rise in the price of crude oil, which jumped sharply after Israel attacked Iran, could hurt consumers and President Trump’s efforts to bring down energy costs.

Oil prices, which surged after Israel attacked Iran early Friday, could stay high as long as tensions are elevated in the Middle East.

Higher oil prices may eventually lead to more expensive gasoline and diesel, hurting consumers and businesses and throwing a wrench into the Trump administration’s goal of lowering energy costs to keep inflation in check.

The benchmark U.S. crude oil price was about $72 a barrel Friday afternoon in the United States, up about 6 percent. Prices briefly topped $77 a barrel shortly after the attack began.

Price of Oil

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