From Bangor to Manila, how oil prices are hitting people around the world
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The Bottom Line
The US and Israel's war in Iran is causing oil prices to impact people globally.
How This Affects You
Rising oil prices due to the conflict could increase your daily expenses, such as gasoline and heating costs.
AI Summary
Global oil prices are impacting consumers worldwide following the ongoing conflict involving the United States, Israel, and Iran. The conflict has disrupted oil supplies and increased market volatility, leading to higher costs for fuel and related goods. This escalation is contributing to economic pressures on households and businesses across diverse regions, from the United States to the Philippines. The sustained high prices are expected to continue influencing global inflation and consumer spending patterns.
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Asian shares surge, echoing a rally on Wall Street as oil prices sank back to about $90 - AP News
Stock futures fall as traders weigh Trump's signal that Iran war may soon end: Live updates - CNBC
This article is part of a story we're tracking:
Economy & Markets
Monitoring the US and global economy including inflation, employment, Federal Reserve policy, trade tensions, market volatility, housing affordability, and the financial pressures facing American households.
Iran & Middle East Conflict
Tracking the evolving military and diplomatic situation across the Middle East, including US-Iran tensions, Israeli operations, proxy conflicts, and the broader geopolitical implications for the region.
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GlobalIran war puts at risk key pipelines, terminals and refineries that supply the world with oil and gas - AP News
<a href="https://news.google.com/rss/articles/CBMipwFBVV95cUxQdUdYamNCcWdEdDNoTDBCU0wwOFZOVENDZmdZMUxtbzRFQnFJVERBb3lRa20ydmZhenVEcG5qajh0d0F0VF9Ja0x1c0hXOThhMFB4QXk0R0FTT1pkblh0MjJEMVBwYmZHYVNqM010UWo4dkx6NkVoZU1xX19DSURxcjQyQllxZGFUZG15MnJUTFZxbGkwMnBxVm5ReTdvd2wxVEc5Nk5Ccw?oc=5" target="_blank">Iran war puts at risk key pipelines, terminals and refineries that supply the world with oil and gas</a> <font color="#6f6f6f">AP News</font>
FinanceCracks emerged in a resilient US economy before war in Iran sent oil prices rocketing - AP News
<a href="https://news.google.com/rss/articles/CBMitgFBVV95cUxNVGZxOGhaUlRKVUVIWkd3QUVubEZPTHFvc3hZeFBBZG1nVXlId1N1d2FlTmNLeVY5bHp0bW1SZ18zZndOa0ExSGZqT3hEQ1NqS0Y1RkgyTWV3ZUpNX2NxeEJmQUxBSDM0YWxTMll6WW1aVm91bGd1SENxa0Z6eWZtTDZyNk1qZjRFS0tJYmRLbVU5UE1KU0UwVzFvSTdYdjlzY3d2c01VNkdYSzlfYl9zMDVsOEtpUQ?oc=5" target="_blank">Cracks emerged in a resilient US economy before war in Iran sent oil prices rocketing</a> <font color="#6f6f6f">AP News</font>
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>
GlobalA world at war: The Iran conflict goes global
<p>Ten days into President Trump's <a href="https://www.axios.com/world/iran" target="_blank">Iran</a> campaign, the war has gone global.</p><ul><li><a href="https://www.axios.com/2026/03/03/iran-war-countries-gulf-qatar-us" target="_blank">At least 20 countries</a> are now militarily involved — shooting, shielding or quietly supplying — while a widening energy shock punishes nations far from the front lines.</li></ul><p><strong>Why it matters: </strong>This isn't World War III. But it may be the closest we've come in decades — drawing in more countries, more great powers and more overlapping conflicts than any crisis since the Cold War.</p><hr><p><strong>Zoom in: </strong>Iran has <a href="https://www.axios.com/2026/03/02/iran-war-expanding-israel-lebanon-gulf-cyprus" target="_blank">struck at least 10 countries</a> since the war began, hitting U.S. and Israeli bases, Persian Gulf capitals, oil infrastructure and civilian areas in an attempt to impose maximum pain on Washington and...
PoliticsTrump a lot more concern about how war and oil prices will affect midterms
Since the war has started, fourteen ships have been hit in the Strait of Hormuz, as Iran vows to carry out an 'oil blockade'. Although oil prices have gone down after sharply increasing, concern remains. French President Emmanuel Macron is calling on G7 leaders to work together to reestablish 'freedom of navigation' in the region as soon as possible. FRANCE 24's Philip Turle looks at the politics of this crisis, and the US strategy.
Global‘I don’t give a shit about Iran. I don’t want to pay higher gas’: Motor City motorists feel pinch as gas prices surge
<p>Drivers in Detroit are unhappy with the spike in gas prices, even if reactions are mixed to the US-Israel war on Iran</p><p>On a rainy <a href="https://www.theguardian.com/us-news/detroit">Detroit</a> afternoon at a gas station off Interstate 75, Victor Rodriguez watched the pump tally tick up as he filled up his F-250 diesel pickup truck for $4.19 per gallon. It totaled $110. “Ridiculous,” he said.</p><p>The <a href="https://www.theguardian.com/world/us-israel-war-on-iran">US-Israel war on Iran</a> has <a href="https://www.theguardian.com/business/2026/mar/12/middle-east-war-creating-largest-supply-disruption-in-the-history-of-oil-markets">crippled major portions</a> of the oil supply chain, sending gas prices soaring as the conflict enters its third week. Rodriguez said he supports “getting rid of this thug”, referring to Iran’s <a href="https://www.theguardian.com/world/2026/mar/08/death-of-khamenei-seen-as-irans-berlin-wall-moment">Ayatollah Ali Khamenei</a>, who was killed b...
Israel’s Deadly Blockade Traps 7 U.S. Doctors in Gaza
Doctors who went to Gaza said Israel’s suspension of travel puts vulnerable patients at risk after years of genocide. The post Israel’s Deadly Blockade Traps 7 U.S. Doctors in Gaza appeared first on The Intercept .
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