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Blockage May Hike Oil Prices
The Suez Canal blockage could raise gasoline and fuel oil prices while officials say US would not face rationing. ODM officials expect possible oil production boosts, but no emergency plan activation or price controls are anticipated as Europe weighs fuel supplies and Western Hemisphere output remains ample.
MENTIONED IN THIS ARTICLE
Washington
Suez Canal
United States
Office of Defense Mobilization
Europe
Eisenhower
Congress
United Nations
Egypt
Gamal Abdel Nasser
ODM