Oil expert warns of 'nightmare scenario' Iran war could spark
The Bottom Line
Oil prices surged near $120 a barrel, and U.S. gasoline prices increased by almost 50 cents per gallon due to the Iran conflict.
How This Affects You
Your daily expenses are rising as you pay nearly 50 cents more per gallon for gasoline, impacting your commute and travel costs.
Global oil prices experienced significant volatility, surging near $120 a barrel before declining, as the conflict involving Iran continues. The national average price of gasoline has increased by nearly 50 cents per gallon since the conflict's onset. Energy expert Daniel Yergin discussed these developments, highlighting the potential for a "nightmare scenario" if the conflict escalates. This situation underscores the geopolitical instability's immediate impact on global energy markets and consumer costs. Further escalation could lead to sustained price increases and broader economic disruption.
Source Coverage Map
13 of 42 tracked sources covered this story
Following this story?
Get notified when new coverage appears
Other Sources Covering This Story
5 sourcesMultiple outlets have reported on this story. Compare perspectives from different sources.
This article is part of a story we're tracking:
Should this be getting more attention?
You Might Have Missed
Related stories from different sources and perspectives
GlobalTrump tells CBS News he's considering taking over Strait of Hormuz
President Trump told CBS News' Weijia Jiang on Monday that the Iran war could be almost over and that he's eyeing control of the Strait of Hormuz. CBS News White House reporter Olivia Rinaldi has the details on the conversation.
GlobalWhy is the conflict with Iran being framed as a ‘holy war’?
US troops reportedly told the war in Iran is intended to bring about biblical end times, Armageddon.
Government TransparencyJustice Department publishes some missing Epstein files related to Trump
The Justice Department has published additional Epstein files related to allegations that President Trump sexually abused a minor after an NPR investigation found dozens of pages were withheld.
Government TransparencyDOJ releases Epstein files containing sexual assault allegations against Trump
The Department of Justice released a batch of previously unreleased documents from the Epstein files that include notes from FBI interviews with a woman who says she was assaulted by President Trump when she was a minor. The woman alleges she was assaulted by Trump in the 1980s and that she was also a victim of Epstein's. Justice correspondent Ali Rogin reports.
Trump tells CBS News he's considering taking over Strait of Hormuz
President Trump told CBS News' Weijia Jiang on Monday that the Iran war could be almost over and that he's eyeing control of the Strait of Hormuz. CBS News White House reporter Olivia Rinaldi has the details on the conversation.
Did this story change how you see things?
Stories like this only matter when people see them. Help us get verified journalism in front of more eyes.
The Verity Ledger curates verified investigative journalism from trusted sources only.
See our sourcesMost Read This Week
White House halts security bulletin warning of Iran-related threats - Reuters
Sri Lanka recovers 87 bodies from Iranian warship sunk off its coast by U.S. submarine
At Largest ICE Detention Camp, Staff Bet on Detainee Suicides, AP Reports
Laden Iranian ships depart Chinese port tied to key military chemicals - The Washington Post
Fact-checking Trump's comments that a 2015 deal gave Iran the right to nuclear weapons
