Gas prices up 71 cents on average since start of Iran war – CBS News Watch CBS News Pain from the Iran war’s oil supply shock is being felt across the United States. Willie James Inman reports. Source link
As the war enters its third week, U.S. military officials say 6,000 Iranian military targets have been struck, including ballistic missile sites and air defense systems and that Iran’s navy has been rendered, quote, combat ineffective. Yet Iran continues to maintain its stranglehold over a tiny elbow of water called the Strait of Hormuz. It … Read more
IE 11 is not supported. For an optimal experience visit our site on another browser. Goats named Cosmo and Comet help kids learn how to read 00:46 Now Playing Why gas prices have risen despite record U.S. oil production 01:48 UP NEXT Chris Wright addresses concerns over surging energy prices 00:56 Energy secretary: Strait of … Read more
IE 11 is not supported. For an optimal experience visit our site on another browser. Now Playing Energy Sec. Wright says ‘good chance’ but ‘no guarantees’ of cheaper gas soon: Full interview 13:06 UP NEXT Adam Schiff says war with Iran is ‘simply unsustainable’: Full interview 10:49 Thomas Friedman explains Iran’s ‘strategy of out-crazy’ against … Read more
War in Iran squeezing U.S. oil supply, driving up gas prices – CBS News Watch CBS News The economic risks of the war in Iran are getting real for Americans at home. Stock markets ended the week down again as the conflict dragged on. This as U.S. crude oil costs are pumped up. Andres Gutierrez … Read more
The oil supply shock from the Iran war is directly impacting what Americans pay to fill up their cars, with gasoline prices up an average of roughly 60 cents since hostilities erupted on February 28. But just how much does the cost of oil factor into how much drivers pay to fuel up? “The price of … Read more
Mom of 3 worries she’ll have to quit job over increasing gas prices – CBS News Watch CBS News A mom of three who commutes three hours roundtrip to work is worried she will have to quit her job as gas prices rise. Elaine Quijano has more. Source link
Ship traffic in the Strait of Hormuz was mostly stopped amid the war in Iran on Thursday, which contributed to rising oil prices. The waterway typically carries around 20% of the world’s supply of oil. On Wednesday, President Trump ordered the release of 172 million barrels of oil from emergency reserves. In a statement attributed … Read more
Republicans, Democrats address high gas prices stemming from Iran war – CBS News Watch CBS News The average cost of gas in the U.S. is up nearly 50 cents in a week as the U.S.-Israeli war with Iran rages on. Here’s what some lawmakers are saying about the spike in prices. Source link
WASHINGTON — Anyone listening to President Donald Trump’s speeches has heard him say it and say it again: Gas prices are dropping on his watch, making life more affordable. The day before he launched the war against Iran, he appeared in Corpus Christi, Texas, and said that “right here,” gas prices had fallen below $2.30 … Read more