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US Energy Secretary Chris Wright says he expects the war with Iran to end within “the next few weeks”, Reuters reports.
Oil supplies will rebound and energy costs will decline afterwards, he added.
Meanwhile, the Trump administration has rebuffed efforts by Middle Eastern allies to start diplomatic negotiations, according to three sources familiar with the efforts, while Iran has rejected the possibility of any ceasefire until US and Israeli strikes end, dimming hopes of a quick end to the conflict.
