Indonesia will slash the value-added tax on economy class tickets for two months to ease the burden of rising fuel surcharges on airfare to mitigate higher energy costs triggered by the Iran war. Source: bloomberg.com

The war’s damage to energy infrastructure and closure of a key shipping lane could mean lasting price spikes for everything from housing to food even long after the fighting ends. Source: politico.com

JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon said the US needs to “get stronger” in order to maintain its military and economic might, and detailed his bank’s plans to deploy more than $1 trillion to ensure that happens. Source: bloomberg.com

Dimon said that the wars in Iran and Ukraine could impact prices beyond the immediate energy sector. Source: businessinsider.com

Donald Trump hits his lowest approval rating over economy fueled by inflation and concerns over gas prices. See what PA polls show about Trump Source: usatoday.com

Energy market stress has reached a fever pitch. Source: bloomberg.com