Drivers are paying an average of 20 percent more at the pump since the strikes on Iran began. The global oil price was up and stocks in Asia rose.
Category: Oil (Petroleum) and Gasoline
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U.S. Gas Prices Jump for 11th Straight Day, and Oil Pushes Higher
The New York Times – Business: -
How Trump and His Advisers Miscalculated Iran’s Response to War
The New York Times – Business:In the lead-up to the U.S.-Israeli attack, President Trump downplayed the risks to the energy markets as a short-term concern that should not overshadow the mission to decapitate the Iranian regime.
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Elevated Energy Prices Add to Fed’s Dilemma on Interest Rates
The New York Times – Business:Investors now expect that the Fed will delay a rate cut until September instead of July, as they had before the war in Iran began.
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What to Know About the Rising Price of Oil and Its Effects on Airline Ticket Prices
The New York Times – Business:The Gulf conflict has led to higher fuel prices, and the cost of operating a plane has sharply increased. For travelers, that likely means higher fares.
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Rising Fuel Costs Pressure Airlines and Truckers
The New York Times – Business:The price of jet fuel and diesel has surged since the war in Iran began, which could force airlines and trucking companies to pass on higher costs to their customers.
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Businesses Ask the TACO Question About Iran
The New York Times – Business:Whether President Trump signaled that he may soon end the military strikes is weighing on the minds of investors, executives and others.
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China Stockpiled More Oil Before War Broke Out in Iran
The New York Times – Business:China’s oil imports rose nearly 16 percent in the first two months of 2026, adding to its growing energy stockpile.
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Oil Falls and Stocks Rise After a Day of Drastic Swings
The New York Times – Business:The price of oil had spiked to nearly $120 a barrel on Monday, drawing remarks by President Trump that he believed the war on Iran was “very complete.”
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Gas Prices Hit $3.54 a Gallon, Up 19% Since Attacks on Iran
The New York Times – Business:Concern that oil production and shipment from the region will remain limited has lifted the price of crude oil — the largest factor in the cost of a gallon of gas — sharply.
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How the Iran War Could Hit Americans’ Wallets
The New York Times – Business:Gas prices are rising, with the cost of food likely to follow. If the conflict drags on, the fallout for consumers could worsen, experts warned.
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G7 Countries Hold Off on Releasing Emergency Oil Supplies
The New York Times – Business:Finance ministers for the seven industrialized countries met on Monday and said they would consider releasing oil from reserves but were not ready to do so now.