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Here's some of the places where prices are rising fast for consumers.
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S&P 500 retreats from record after high inflation reading, drop in tech stocks: Live updates CNBCWall St falls as hot CPI, Iran tensions weigh on sentiment Yahoo FinanceStock Market Today: Dow, Nasdaq Sink on Soaring Inflation — Live Updates WSJTech Rally Falters as Oil Rises on Iran Stalemate: Markets Wrap Bloomberg.com
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President Trump has declared the cease-fire on "life support," and investors are taking a cautious approach as the economic effects of the war become more apparent.
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Kuwait says Iran attacked an island where China is helping to build a port NPRKuwait Accuses Iran of Trying to Infiltrate Its Territory The New York TimesKuwait says it foils infiltration operation by Iran's IRGC Al JazeeraKuwait says it stopped armed Iranian team from attacking one of its islands
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Asia Stocks to Gain, Oil Rises on US-Iran Deadlock: Markets Wrap Bloomberg.comAI rally fizzles as Middle East ceasefire goes on 'life support' ReutersCNBC Daily Open: Iran ceasefire on life support, but market volatility is alive and kicking CNBCAsian shares trade mixed after Wall Street rally despite Iran war worries AP News
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Oil is climbing to start the week as Morgan Stanley is warning that crude prices are being held at bay from much higher losses. But that could change.
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NPR's Steve Inskeep asks business news analyst Jill Schlesinger how high oil and gas prices from the Iran war affect consumer budgets.
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