
Iran Conflict Clouds U.S. Prices From Gas Pumps to Jet Fares
With the Strait of Hormuz effectively closed amid the Iran-Israel-U.S. conflict, global oil shortages are lifting U.S. gasoline and diesel costs, potentially driving up groceries as trucking and manufacturing costs rise; fertilizer and helium supplies are strained, impacting agriculture and tech sectors; jet fuel has more than doubled, squeezing airlines and lifting airfares, while mortgage rates rise (about 6.22%), adding headwinds to the spring housing market.



