America’s economy faces a potential war shock: Surging oil prices

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CNN  —  The American economy faces the unwelcome prospect of reignited inflation after the United States launched strikes on three nuclear facilities in Iran. High oil and gas prices are a near certainty, experts say. The big question now: How long will the fossil fuels price spike last? Oil prices are expected to rise by about $5 per barrel when markets open Sunday night, according to experts. “We are looking at $80 oil on the open,” said Andy Lipow of Lipow Oil Associates. US oil hasn’t

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America’s economy faces a potential war shock: Surging oil prices https://edition.cnn.com - 23.06.2025 00:11

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America’s economy faces a potential war shock: Surging oil prices https://edition.cnn.com - 23.06.2025 00:11