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Rising Fuel Prices Force Policymakers to Weigh Excruciating Choices The New York TimesFed's preferred inflation gauge just hit the highest level in nearly three years CNNKey inflation gauge jumps to highest level in 3 years as Iran war spikes gas prices AP NewsTurmoil in the Middle East: Assessing the Longer-Term Implications Citigroup
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The longer the disruption to Middle East fuel supplies lasts, the risk grows that higher energy costs will feed into broader inflation that could dent economic growth.
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Trump, Iran are locked in high-stakes standoff as oil prices hit 4-year high The Washington PostOil Prices Hit a New Wartime High as Iran Standoff Shows No End in Sight The New York TimesLive Updates: Iran war pushes oil prices to 4-year high as Hegseth set to face fresh round of questioning CBS NewsLive updates: US gas jumps to highest price in 6 weeks, as Trump mulls extended blockade of Iranian ports CNN
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Despite Trump's warning that oil backing up inside Iran would cause pipelines to "explode from within," analysts say Iran still has plenty of unused storage capacity.
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