widening

Lower-income Americans hit hardest by gas price spike, widening inequalities, study finds

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WASHINGTON — Lower-income Americans sharply reduced their gas consumption in the month following the Iran war, yet spiking prices still forced them to spend more at the pump, worsening the economy’s economic disparities, new research released Wednesday showed. Higher-income households, meanwhile, ratcheted up their spending on gas while barely reducing their consumption, according to a … Read more

For Ukraine and Russia, widening Iran war presents peril and possibility

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The spike in oil prices as a result of the Iran war is a gift to Russia, replenishing depleted coffers and easing the burden of pursuing its costly war in Ukraine. At the same time, the extensive use across the Middle East of air-defense systems to counter Iranian missile attacks poses a new worry for … Read more