Cracks emerged in a resilient US economy before war in Iran sent oil prices rocketing - AP News
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The Bottom Line
US economy was already weakening when Iran war sent oil prices soaring higher.
How This Affects You
Rising oil prices from the Iranian conflict will likely increase your gas prices and heating costs while the economy faces additional stress.
AI Summary
The US economy showed signs of weakening before a war involving Iran caused oil prices to surge dramatically. Economic indicators had begun revealing vulnerabilities in what was previously considered a resilient economic framework. The combination of pre-existing economic stress and the oil price shock from the Iranian conflict has created a dual challenge for policymakers. The Trump administration now faces the prospect of managing both underlying economic fragilities and the inflationary pressures from elevated energy costs. Markets are closely watching how these converging factors will affect consumer spending and overall economic growth in the coming months.
What's Being Done
The Trump administration is working to manage both underlying economic weaknesses and inflationary pressures from elevated energy costs.
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FinanceOil jumps to $100 per barrel and stocks sink worldwide with no clear end in sight for the Iran war - AP News
<a href="https://news.google.com/rss/articles/CBMimwFBVV95cUxPSnFlbERpcHJlaGFFRFkyNkI3b3ZkS3d6NUlvZjdOZlBiSjlZLVR1RUxaQkJLaUxlUjNxYVFNd1FKMU5QbkptUmdwQnp3dWNpeXpCMlZrX1lOLXlRTXRzTXZRYUt4bG9XT2VnQ0VxeXJpc3RDYTU1N1FmQTNXR1lNa2xrM2cySnh3TXllRE5XSTVwdXdDSTNJU3M5RQ?oc=5" target="_blank">Oil jumps to $100 per barrel and stocks sink worldwide with no clear end in sight for the Iran war</a> <font color="#6f6f6f">AP News</font>
FinanceWorld shares decline, while oil pops above $100 a barrel over Iran war worries - AP News
<a href="https://news.google.com/rss/articles/CBMikwFBVV95cUxNSzE2U0FTcjBnbkhXaEhneXE2alFWd2JRWHVxbGxxT0hNcWZEYXRWaUdKNFFuYnRVemVyN0hzVmxod0ZqdFJEcGlkUHluX2c1SVV4YS05UktjcUhNRWhTVnZ3ZlFLWWhMdkxHRWNZTGFzWVYyNFlpQ2FNbG5MVHEtMzBqczJDNGNVcjI3VXdJbExwVzA?oc=5" target="_blank">World shares decline, while oil pops above $100 a barrel over Iran war worries</a> <font color="#6f6f6f">AP News</font>
PoliticsScoop: Trump eases Venezuela sanctions on oil, fertilizer to blunt Iran war costs
<p>The Treasury Department made it easier Friday for U.S. businesses and farmers to buy Venezuelan fertilizer and oil as their prices rise because of the <a href="https://www.axios.com/world/iran" target="_blank">Iran war,</a> Axios has learned.</p><p><strong>Why it matters</strong>: The bottleneck of tankers in the Persian Gulf because of Iranian attacks has caused the costs of oil and fertilizer, a petrochemical product, to jump. It threatens to spike inflation and raise the <a href="https://www.dw.com/en/iran-us-israel-war-food-crisis-prices-fertilizer-energy-costs-inflation/a-76286348" target="_blank">cost </a>of food in the U.S.</p><hr><ul><li>By reducing sanctions on oil-rich Venezuela, <a href="https://www.axios.com/2026/03/13/iran-war-trump-officials-ship-escorts-hormuz-strait" target="_blank">Treasury Secretary Scott Bessent</a> hopes to increase supplies in the U.S. and lower prices.</li></ul><p><strong>Zoom in:</strong> The Office of Foreign Assets Control, which manages ...
GlobalWar with Iran delivers high oil prices and another shock to the global economy
Much of the pain is being caused by an effective closure of the Strait of Hormuz, which carries a fifth of the world's oil.
U.S. investigates strike on Iranian school as the war sparks a global oil crisis
Trump, who promised to lower gas prices, is tapping the Strategic Petroleum Reserve as war drives prices up. And, the U.S. investigates the strike on an Iranian school that killed at least 165 people.
FinanceIn a time of war with Iran, Americans unite in aggravation over sticker shock at the gas pump - AP News
<a href="https://news.google.com/rss/articles/CBMilwFBVV95cUxNbXBXMl9MOWRHYXZVZFVTakFXSVB3bTJRNXFUd2hzWmV4LTAzcGw4TzUteHZzTVZiWEVDV0VKUko4aWhXOENXTnFxVlcwV0FCWDVlck96ZlNFcWdNXzhWYl92WVhneEQ0V1B6RUw4dlFfWVp2dmg1TXJYQlYtb3RKeFN0LXhUVTlDckl4LVJUQ0cwMkVhNGl3?oc=5" target="_blank">In a time of war with Iran, Americans unite in aggravation over sticker shock at the gas pump</a> <font color="#6f6f6f">AP News</font>
Economy showed cracks pre-Iran attack, data shows
<p>The economy was flashing stagflation signals — tepid growth and high inflation — even before the <a href="https://www.axios.com/world/iran" target="_blank">Iran</a> conflict added an oil shock to the mix.</p><p><strong>Why it matters:</strong> What happens when geopolitical turmoil clogs up the world's oil supply chain, against a backdrop of a U.S. economy losing momentum amid sticky inflation?</p><ul><li>We're about to find out.</li></ul><hr><p><strong>Driving the news:</strong> A revision to fourth-quarter GDP shows the economy grew at only a 0.7% annualized rate in the final months of 2025, half as much as the 1.4% growth rate originally estimated.</p><ul><li>Real final sales to private domestic purchasers, an underlying measure of growth that sums up consumer spending and private investment, rose at a 1.9% annual rate in the fourth quarter — a downward revision of 0.5 percentage point.</li></ul><p><strong>By the numbers: </strong>Also Friday morning, the Commerce Department r...
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