Middle East Conflict Sparks Oil Market Turmoil and Rising Gas Prices
TL;DR Summary
Escalating conflict between Israel and Iran, including Israeli strikes on Iranian energy facilities, has caused U.S. oil prices to rise, which may lead to a 20-cent increase in gasoline prices at the pump in the coming weeks.
- Gasoline Prices Likely to Rise as Israel Targets Iran’s Energy Infrastructure The New York Times
- Israel’s Fight With Iran Spreads to the Energy Sector WSJ
- Oil Traders Brace for Turmoil as Iran Crisis Imperils Supply Bloomberg.com
- Consumers could start paying more on these items because of the Middle East conflict AP News
- Investors unnerved as Israel-Iran conflict fuels turmoil in oil markets Reuters
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