Rising oil prices are feeding inflation risks, forcing central banks to delay rate cuts despite easing geopolitical tensions.
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How the Iran war is driving up food prices through fertilizer supply disruptions
Oil and gas might not be the only commodities vulnerable to the disruptions in the Strait of Hormuz. Fertilizers are at particular risk, as their supplies get choked at the strait, a critical shipping corridor for a third of the world’s fertilizer shipments.
U.S. gas prices jump above $4 , highest since 2022 as Iran conflict pushes oil higher
The U.S. is a net oil exporter but that does not shield it from global economic shocks.
Surging gas prices could push U.S. drivers toward EVs
Rising gas prices may push consumers toward EVs—but whether they switch depends on where they live.