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
The threat of Iranian attack on ships in the Strait of Hormuz is disrupting global energy supplies and could soon send the price at the pump to a new record high. With the passage of oil tankers and cargo ships all but halted in and around the strategically vital waterway, the price of food, transported … Read more
Californians pay $5.48 a gallon on average—and military jet fuel is getting dangerously expensive. Source link
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. Goats named Cosmo and Comet help kids learn how to read 00:46 Why gas prices have risen despite record U.S. oil production 01:48 Now Playing Chris Wright addresses concerns over surging energy prices 00:56 UP NEXT Energy secretary: Strait of … Read more
HONG KONG — The fallout from the U.S.-Israeli war with Iran and the effective closure of the Strait of Hormuz is being felt sharply in Asia, with authorities from New Delhi to Manila implementing emergency measures to shield consumers from mounting shortages and surging oil prices. On Friday, people in Nepal lined up at gas-filling … 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
Jet fuel prices are rising as the war in the Middle East disrupts global oil supplies, putting cost pressure on airlines as the busy summer travel season approaches. Experts say it’s not a question of if airfares will go up, but when, for how long and by how much. The impact may be felt most … 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