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Senate Democratic leader Chuck Schumer (D-N.Y.) and CNBC’s Jim Cramer led a wave of alarm Sunday after oil prices surged and President Donald Trump said higher energy costs were “a very small price to pay” for world safety and peace.
Schumer And Cramer Sound Early Alarm
Schumer wrote on X, “Due to Donald Trump’s reckless war of choice, gas prices have surged to their highest levels in years,” and demanded that Trump release oil from the Strategic Petroleum Reserve “IMMEDIATELY.”
Cramer warned, “A sudden oil shock is always bad for stocks,” adding, “I don’t see a path to de-escalation.”
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