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Oil retreats after hitting four-year high on concern of US-Iran war escalation Reuters
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The longer the disruption to Middle East fuel supplies lasts, the risk grows that higher energy costs will feed into broader inflation that could dent economic growth.
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Oil Hits Wartime High Above $120 a Barrel as Standoff Shows No End in Sight The New York TimesOil jumps to highest price since 2022 after report Trump to be briefed on new Iran options BBCGlobal oil price retreats after hitting 4-year high on concern of US-Iran war escalation ReutersOil prices keep spurting higher, but US stocks hold near their records AP NewsOil surges to highest price since 2022 on growing supply fears CNN
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Fed's preferred inflation gauge just hit the highest level in nearly three years CNNRising Fuel Prices Could Force Excruciating Choices on Economic Policies The New York TimesKey inflation gauge jumps to highest level in 3 years as Iran war spikes gas prices AP NewsStagflation risks stacking up as Iran war enters third month ReutersIran War Lifts Fed's Targeted Inflation Metric
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Key inflation gauge jumps to highest level in 3 years as Iran war spikes gas prices AP NewsCore inflation rate hit 3.2% in March as first-quarter growth disappointed at 2% CNBCInflation spikes to 3.5 percent in March as Iran war drove prices higher The HillGDP Rises, Inflation Increases in March U.S. News & World Report
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Gas prices are at their highest since the war with Iran began.
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