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Iran conflict adds $41B fuel bill, fueling inflation and infrastructure debates

1 min read
Source: Financial Times
Iran conflict adds $41B fuel bill, fueling inflation and infrastructure debates
Photo: Financial Times
TL;DR

Brown University researchers estimate Americans have spent about $41.5 billion more on fuel since the start of Trump’s Iran war, a sum that could fund major transportation investments; higher petrol prices (up about 51% to $4.51/gal) and diesel prices (up about 54% to $5.65/gal) are feeding inflation and broader costs as summer travel kicks off, while policy tweaks seek to temper the energy shock.

Topics:businesseconomy#economy#gas-prices#infrastructure-spending#iran-conflict#oil#us-inflation
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  1. Donald Trump’s Iran war hits Americans with $40bn fuel bill  Financial Times
  2. Iran war saddles global companies with $25 billion bill - and counting  Reuters
  3. The Middle East Oil Crisis Has Already Cost Global Businesses $25 Billion  Crude Oil Prices Today | OilPrice.com
  4. Photos: The Global Cost of the Iran War  The Atlantic
  5. The Oil Shock Is Causing a $45 Billion Rupture in the Economy  WSJ

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