As war in Iran continues to unfold, energy prices are surging globally. But another lasting impact of the war will be how it impacts the speed of climate change.
The 100-year-old mandate was intended to protect the U.S. shipping industry. Analysts differ in how much they think waiving it will impact the cost of oil.
Crude oil, fertilizer, and diesel prices are up. These increases due to the war in the Middle East are putting pressure on farmers, while the oil industry is poised to benefit.