World news
fromAxios
11 hours agoIran war's economic shocks could reverberate for a while
Oil markets face logistics disruptions, with risks of physical damage to production capacity due to attacks on energy infrastructure.
While the United States is not a major importer of actual food from the Middle East, rising oil prices and a shutdown of natural gas production could have effects on the cost of shipping and producing food that will force Americans to tighten their grocery budgets. Crude oil prices surged on Monday and were up again on Tuesday, seeing more than a 10% jump from last week.