Gas prices above $4? How the Iran war changed the global economy
Part of composite article Oil Hits $110 as Houthis Seize Red Sea Strait, 500 Die in Yemen in a Week View full article →
The effects of the Iran war are clear to most Americans. Gas prices have stayed above $4 for weeks. Mortgage rates are moving toward 7 percent. Companies are adding shipping surcharges to cover record diesel costs.
These cost-of-living increases have lasted longer than the Trump administration said they would.