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Prices of some commodities are already rising, while stockpiles of others could dwindle as the war drags on.
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Cruise stocks were among the S&P 500's biggest decliners since the Middle East conflict, and it's not just about rising fuel prices
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Prices are up 21% from a month ago with the oil market roiled by the U.S.-Iran war.
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Stock Market Today: Dow Claws Higher; Micron Pops While Pharma Name Breaks Out (Live Coverage) Investor's Business DailyOil prices dive as Trump says Iran war will end ‘very soon' CNNTrump Hears the Markets' Fears About Iran War Bloomberg.comUS stocks hold steadier as Wall Street waits for the next signal on how long war with Iran may last AP NewsOil Prices Offer Up a Stunning Reversal | What's News for March 9 WSJ
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Why should oil and gas companies drill? Prices have been — and still are — too low for them to bother.
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America Is an Oil Exporter. Why Does a Mideast War Raise U.S. Gas Prices? The New York TimesTracking gas and oil prices as war with Iran escalates CNNUS Raises 2027 Oil Output Forecast After Prices Soar on Iran War Bloomberg.comWith the Strait of Hormuz Closed, the Long-Feared Persian Gulf Oil Squeeze Is Upon Us WSJ
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Treasury yields were edging up Tuesday, but traded below levels seen Monday when inflation fears tied to oil's surge were rising.
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Monday saw the most volatile swings in crude prices on record.
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War with Iran delivers another shock to the global economy AP NewsTrump administration starts to panic over rapidly rising oil costs CNNPendulum swings back on economy amid Iran conflict The HillHow the Iran War Could Hit Americans' Wallets The New York TimesTrump weighs easing Russia sanctions, other measures to cool oil prices Reuters
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Oil Drops as Trump Signals Iran Conflict Near End: Markets Wrap BloombergOil extends slide as investors assess Trump comments on Iran war, Strait of Hormuz CNBCOil prices fall and stocks rise after Trump says Iran war 'very complete' BBCThe 24 Hours When Oil Markets Went Wild WSJThe Wild 24-Hour Rise and Fall of Oil Prices The Atlantic
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The Gulf conflict has led to higher fuel prices, and the cost of operating a plane has sharply increased. For travelers, that likely means higher fares.
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Oil prices climbed on Monday, but finished below Monday's highs near $120 a barrel following talk by the Group of Seven nations of a potential emergency release of crude reserves.
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President Trump insists the conflict will be brief, but world leaders are preparing for severe economic blowback.
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The escalating conflict in Iran is driving up oil costs, and in turn gas costs.
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