NYN | News
The recent U.S. military strikes on Iran have sparked immediate economic repercussions, with a surge in oil and gas prices in the United States now appearing almost inevitable.
According to CNN, citing experts in economics and energy, the escalating tension in the Gulf threatens to reignite an inflationary wave that could undermine U.S. financial stability, as markets begin to price in the risks of war impacting global supply.
Experts predict that oil prices may open at no less than $80 per barrel, signaling potential increases in fuel prices across the United States within days.
Reports have warned that American consumers could face a price shock at gas stations, coinciding with the possible return of inflation—a challenge the federal government has been striving to contain for the past two years.
Analysts speaking to CNN emphasized that any further escalation in the confrontation with Iran could severely disrupt the global energy market, especially if Tehran or its allies target oil export routes in the Gulf or the Red Sea, which would reduce supply and sharply drive up prices.
Concerns go beyond the energy market, extending into domestic political implications. The consequences of escalation could be used as a pressure point against the U.S. administration, which is already grappling with economic challenges ahead of the upcoming presidential elections.
Analytical reports cited by CNN suggest that the path to economic stability is becoming increasingly perilous if military escalation continues at the expense of diplomatic solutions.
