How much Donald Trump can do with the time he has left as president will depend massively on the cost of living.
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Trump’s strikes on Iran, and the subsequent closure of the Strait of Hormuz, have driven oil prices up, with a barrel of Brent crude, a major oil benchmark, hitting a four-year high of $126 on Thursday. It has since fallen back to $111 but it was trading at around $73 before the war broke out at the end of February.
