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Biden Uses Fuel Stocks to Lower Gas Prices – National and International News – TUE 23 November 2021 –

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Biden utilizes fuel reserves to lower gas prices. The parade collider tried to run a woman earlier this month. Iran’s nuclear stock is rising.

NATIONAL NEWS

Biden utilizes fuel reserves to lower gas prices

President Biden has ordered the release of 50 million barrels from the country’s strategic oil reserves in hopes of doing some damage to rising gas prices. In recent months, rising fuel costs have been one of the biggest contributors to inflation across the board. In combination with other supply chain barriers, rising gas prices have spurred rising transportation and freight costs in almost all sectors of the economy.

Numerous factors have contributed to the increase in fuel costs. During the first days of the pandemic, demand for fuel fell sharply, leading to oversupply. In response, oil-producing countries cut output and have been reluctant to increase output again now that the world’s economies are reopening. Complications resulting in fuel delivery bring it full circle, causing fuel prices to rise even more.

Fuel prices have risen sharply around the world. In some European countries, the price of gas, heating oil and other products has tripled compared to this time last year. China has recently had to slow down or even temporarily shut down production at some factories due to a lack of electricity.

Last week, Biden also announced the release of several billion dollars in aid to help low-income families pay for winter heating and utility bills.. The funds had already been appropriated through the CARES bill of $ 1.9 trillion in February.

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The parade collider tried to run a woman earlier this month

Darrell Edward Brooks Jr., 39, of Milwaukee, killed five people and injured more than 40 others when he crashed his car into a Christmas parade in Waukesha, WI, on Sunday night. Police have announced the identities of 5 people who lost their lives, whose ages range from 52 to 81 years old. Several adults and 18 other children were also seriously injured.

Brooks will be charged with 5 counts of premeditated murder. Witnesses say he “weaves from side to side” through the parade aimed at people. Police only said Brooks’ actions were intentional, but did not provide any information on the motive. Apparently, Brooks was fleeing the scene of a family dispute involving a knife when he collided with parade marchers.

Earlier this month, Brooks was released on $ 1,000 bail the mother of his child claimed he had crashed it at a gas station on November 5th. Brooks also has a presence on social media as a rapper called MathBoi Fly.

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INTERNATIONAL NEWS

Chicken game with high stakes in Iran nuclear talks

The US and Iranian negotiating teams are defining each other in renewed negotiations to restore the 2015 nuclear deal. Talks have been suspended for months after the Iran election, which brought a new hardline government to power.

UN nuclear inspectors have raised concerns about a lack of access to Iran’s nuclear facilities. Iran has demanded easing of sanctions in exchange for expanding access and reducing uranium refining. Israel threatens military action to prevent Iran from acquiring nuclear weapons capabilities.

Vali Nasr, a professor of Middle East studies at Johns Hopkins University, says fears about Iran’s nuclear capabilities are being exaggerated by both sides, but for different reasons. “Iran is obviously accumulating enough enriched uranium to allow it to build at least one bomb,” he said. “But building a bomb does not make a country a nuclear power.” “Iran is approaching a threshold to have enough material for a bomb,” he said. “But to actually build a bomb and have the ability to disperse it, and so on, is a long way off.”

Iran sees its nuclear program as the only bargaining chip in its mission to obtain relief from crippling economic sanctions. On the part of the US and Israel, the threat of a nuclear Iran is a powerful call in other regional disputes. In addition to nuclear tensions, there has been an ongoing clash between Iranian and US naval forces over crossing and access to the Persian Gulf and the Strait of Hormuz, which the Iranian navy patrols.

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Tags: crime, fuel reserves, gas prices, international news, Iran, Iran nuclear deal, Israel, national news, New Albany MS, northeast Mississippi news, supply chain, US, Wisconsin, world news

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