The ongoing Iran conflict and rising crude oil prices are driving up consumer costs, particularly at the gas pump, and may lead to increased prices for goods, food, and inflation in the U.S.

As the price of crude oil surged, consumers were feeling the effects of the Iran war and its damage to worldwide energy production. Gasoline prices are climbing.

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NEW YORK — As the price of crude oil surpassed $110 a barrel Monday, reaching heights not seen since 2022, consumers were feeling the effects of the Iran war and its damage to worldwide energy ...

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While the price shock is already hurting consumers in the short term, the ripple effects of those rapid cost hikes threaten to reignite broader inflation.

In the weeks before the Iran war, ​Americans’ inflation expectations were little changed, a New York Fed survey says.

The Wayland-area outage begins at 11 p.m. Thursday. Equipment upgrades happening then will strengthen the electric system long-term, officials said.

President Trump insists the conflict will be brief, but world leaders are preparing for severe economic blowback.

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U.S. consumers have felt a shock at the gas pump, with the average price for a gallon of regular gas jumping 16% during the past week to $3.48.