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A bulletproof U.S. economy has shot past a series of shocks since the 2020 pandemic and grown for five straight years, but soaring oil prices tied to the Iran war have emerged as a potential trigger for recession.
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Rising costs for fertilizer, feed, packaging and shipping are going to seep into the prices that people see on grocery shelves, experts say.
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But at just 35 miles wide, it did. It's just the latest evidence of how dependent the global economy is on a handful of choke points.
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The overall economy has proved resilient in recent years, even as many households have struggled. The war with Iran is following the same pattern.
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