Cheap fuel had been a bright spot for the US economy before tankers stopped moving through the Middle East.
West coast state’s average cost per gallon has climbed $0.55 since the conflict in Middle East began over a week agoMiddle East crisis – live updatesSign up for the Breaking News US newsletter emailThe war in Iran has caused a spike in gas prices that is hitting California consumers especially hard, according to data from the American Automobile…
The attack on Iran has led to a surge in energy prices at a moment when the cost of living is a major issue heading into the fall elections.
Sharp spikes in oil prices driven by the campaign against Iran threaten to reignite inflation
The war's price, measured in damage to the economy and in political costs to Trump, is still coming into view.
President Trump says surging oil prices are a short-term problem and a worthwhile sacrifice as the war in Iran causes supply concerns in energy markets.
On Monday, the U.S.–Israel war with Iran pushed oil prices to their highest level since July 2022. Since the war...
The conflict in Iran is causing a massive disruption in the global oil supply and sending energy prices skyrocketing. It’s unclear how long the disruption will last — and therefore how long the markets will be squeezed and how high prices will ultimately go. “The absolute disruption of flows through the Strait of Hormuz is…
