DONALD TRUMP is running out of options to cushion the energy shock from the Iran war. The American president has tried to press allies into assembling naval escorts, overseen the largest-ever release of strategic oil stocks and toyed with selling oil futures to drive prices down. None of it is working: the price of Brent crude, the global benchmark, is above $110 a barrel. That has pushed average petrol prices to nearly $4 a gallon in America, from $2.90 on February 27th.
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