War in the Middle East

Estimates are emerging about how much the war in Iran could cost the U.S.

The pressure is increasing after roughly a fifth of global liquified natural gas supply was taken off the market.

But they’re climbing unevenly.

Higher oil prices typically mean more cash in hand for oil producers, including those in the U.S. But increasing production is a slow and expensive process.

It’s still early in the current war in the Middle East, but the impact on oil markets may feel like déjà vu for those who remember the oil embargo of the 1970s.

Consumers are the engine of the U.S. economy, and how they feel can have real-world consequences.

Palm oil and wheat among them.

Oil prices neared $120 a barrel over the weekend. How are countries responding to the spike in prices?

Diesel fuel powers trucks and trains, and a whole lot of the things we buy move by one if not both.

On today’s show: a look at gasoline and diesel prices following the outbreak of war in the Middle East.