A month since the first U.S.-Israeli attacks and Iran’s response effectively shut off Persian Gulf oil, drivers are paying significantly more to fill up.
Category: Prices (Fares, Fees and Rates)
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Iran War’s Latest Economic Toll: Oil at $115 a Barrel
Economists and investors are increasingly pricing in a slowdown, or even a global recession, if the fighting drags on.
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This Is What Happens When the Gas Runs Out
With a cutoff in shipments imminent, Asian countries, the biggest importers of liquefied natural gas from the Middle East, are already burning more coal and reducing consumption.
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Oil Jumps to $116 a Barrel on Signs of Escalation of Middle East War
Investors digested increasing signs of escalation of the U.S.-Israeli war in Iran, which has led to a blockage of critical energy supplies.
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Why the Iran War May Force Countries to Rely Less on Natural Gas
The U.S. and other exporters are poised for a windfall, but disruptions to Persian Gulf supplies are also pushing gas-buying countries to consider alternatives like coal, solar and nuclear energy.
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Trump Offers More Aid to Farmers, a Key Support Bloc Hurt by Tariffs and War
The president announced new loan guarantees at a White House event that appeared intended to reassure a group that has found itself caught in the crosshairs of some of his major policies.
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As Stocks Keep Falling, Investors Are Losing Patience With the War in Iran
The S&P 500 is on course for its fifth straight week of losses and its worst weekly losing streak in roughly four years.
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Global Food Supply Faces a Dangerous Bottleneck as Iran War Persists
Fertilizer prices are climbing as a result of disruptions in the Middle East, putting global food supplies at risk.
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Spiking Diesel Prices Mean Everything Will Get More Expensive
Diesel has climbed faster than gasoline this month, directly hitting businesses, from brewers to trucking companies. Those higher costs are likely to make their way into consumer prices.
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Many People Will Need Long-Term Care, but Most Don’t Have Insurance to Cover It
Care for people who can’t take care of themselves is expensive, and regular health insurance doesn’t cover the cost.
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How the Iran War Is Costing the Economy Its Buffers
As the U.S.-Israeli campaign enters a second month, analysts see a growing toll. One forecast predicts oil hitting $200 a barrel.
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Resurgent Inflation Tests Faith in Fed’s Willingness to Tame It
The war in the Middle East risks worsening an inflation problem that the Federal Reserve has struggled for years to subdue.