Behind high oil and gas prices
All this week, the big factor behind rising oil prices has been the standoff between Britain and Iran over the fate of 15 British sailors seized by Iran in the Persian Gulf on March 23. But the steadily heightening tensions - British Prime minister Tony Blair now intends to take the matter to the UN Security Council - has camouflaged another factor likely to make this another long hot summer for American drivers even if the crisis is resolved and the sailors are eventually released.
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