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The jump was a sign of growing concern that the war in the Middle East will take a toll on energy supplies.
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Brent crude reached its highest price since Russia invaded Ukraine in 2022. Gasoline prices in the U.S. are expected to continue to rise.
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Trump's ‘roaring' economy meets a rough start to 2026: What the latest numbers show AP NewsEconomic Warning Signs Pile Up for Republicans Ahead of Midterms The New York TimesTrump's week: Poor jobs numbers, high gas prices and Noem's ouster PoliticoBeyond the Iran war: Trump's no-good, very-bad day on jobs, gas, Epstein USA TodayDonald Trump's Greatest Promise Is Looking More Disastrous for Him by the Day
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Soaring production costs could add to recent woes of poor harvests and a five-year-low wheat price
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More than four in 10 returns so far have claimed at least one of the new deductions.
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