Gasoline still drives household budgets, but energy efficiency and renewables have reduced the economy’s overall reliance on petroleum. Source: nytimes.com

Consumer spending was slow and inflation was stubborn even before the attack on Iran sent oil prices soaring. Source: wsj.com

Keir Starmer’s team fear any short-term political gain from his decision not to support US President Donald Trump’s war in Iran may quickly be outweighed by an economic hit that scuppers the UK prime minister’s chances of staying in power. Source: bloomberg.com

Families preparing for Eid al-Fitr and farmers ready for harvest are being squeezed in a country that gets nearly all its oil through the Persian Gulf. Source: nytimes.com

Source: cbsnews.com

Disruptions to fertilizer shipments moving through the Strait of Hormuz could raise farmers’ costs and push food prices higher. Source: nbcnews.com