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Page added on July 25, 2006

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U.S. policy entangled by rising price of oil

WASHINGTON As violence spreads in the Middle East, the Bush administration is grappling with an unwanted side effect of its policies: higher oil prices caused by fears of a disruption in global oil supplies.

While the administration seeks to confront Iran, give Israel more time to defeat Hezbollah, and secure stability in Iraq, higher oil prices reduce its maneuvering room overseas and frustrate U.S. consumers at home.

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