Oil surges to $93 on Iran war: gas prices rising fast
Brent crude surges 28% in one week to $92.93 on the US-Iran conflict and Strait of Hormuz closure. Gas up 27 cents. Could reach $150. What to do with your money.
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Brent crude surges 28% in one week to $92.93 on the US-Iran conflict and Strait of Hormuz closure. Gas up 27 cents. Could reach $150. What to do with your money.
Brent crude is up 36% in 2026, topping $83/barrel as the Strait of Hormuz crisis escalates. Goldman Sachs warns it could hit $100. Here's how it impacts gas prices, food, and inflation.
Brent crude surged 9% to $78.70/barrel after US-Israel strikes on Iran. The Strait of Hormuz is effectively closed. US gas prices expected to rise 10-30 cents within days.
The producer price index (PPI) came in hotter than expected, complicating the Fed rate cut timeline. With rates at 3.50-3.75%, mortgages, credit cards, and loans remain expensive.
Trump's 15% global tariffs took effect February 24, impacting $1.2 trillion in imports and costing an estimated $1,500 extra per household in 2026.
The US economy grew just 1.4% in Q4 2025, well below the 2.9% expected. Combined with 2.9% inflation, the stagflation specter looms large.
Trump announces 15% global tariffs effective tomorrow February 24. Imported product prices will rise. Here is how to protect your wallet.
PCE rose 0.4% monthly (above expectations) and Q4 GDP fell to just 1.4% vs 3% expected. The combination puts the Fed in an impossible position.
Walmart reported earnings beating expectations, but guidance disappointed. Its CEO revealed a split economy: the wealthy spend more, the poor are at their limit.
The US Supreme Court could strike down Trump's tariffs as early as Friday. They cost the average household $1,751/year. Here's what to expect.
The Federal Reserve released its January meeting minutes revealing a split decision to hold rates. Two members voted to cut. Here is what it means for your wallet.
US national debt will hit 108% of GDP by 2030 per CBO. Interest payments double to $2.1 trillion. Here's how it affects your finances.