"Iran's Attack on Israel: Impact on Gas Prices at the Pump"

1 min read
Source: Benzinga
"Iran's Attack on Israel: Impact on Gas Prices at the Pump"
Photo: Benzinga
TL;DR Summary

Fears of an Iranian attack on Israel led to a drop in the stock market and a spike in oil prices, with concerns that ongoing conflict in the Middle East could keep oil prices high and potentially lead to a recession. Analysts warn that sustained oil prices above $100 a barrel could increase the likelihood of a U.S. recession, while gas prices have already risen dramatically, reaching a national average above $3.60. The impact of Iran's attack on gas prices at the pump remains uncertain, with potential relief if the Middle East conflict does not escalate further, but continued escalation could lead to even higher gas prices.

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