For U.S. consumers, soaring oil prices due to the Iran war don’t just mean pain at the pump — the impact is also likely to be felt by shoppers both in stores and online. Global oil prices have jumped more than 40% since the conflict effectively closed the Strait of Hormuz, a critical waterway in … Read more
Gasoline prices inched higher on Monday with Brent crude remaining above $100 per barrel, as the Strait of Hormuz, a vital shipping lane for the global energy supply, remains paralyzed amid the Iran war. The average price for a gallon of gas rose to $3.72 on Monday, up from $3.70 on Sunday and representing an increase … Read more
The ongoing war in Iran is driving up more than just the cost of oil. With essential crop fertilizers also caught in the crossfire, U.S. food prices could be next. About one-third of the world’s fertilizer ingredients — key inputs farmers rely on to grow the crops that become everyday food items — transit through … Read more
Rising sea levels caused by climate change may be significantly higher than previously thought, according to a new study, which says a “methodological blind spot” led researchers to underestimate existing coastal water levels. The revelation suggests that higher seas threaten tens of millions more people than scientists and government officials believed, with elevated risks for … Read more