How the Iran war is expected to affect US prices, from gas to flights

Oil is used to power the supply chain, from machines that manufacture a cell phone to diesel that powers a truckFertilizer. Phones and laptops. Flights. These are just some of the products made from or powered by crucial materials that ship through the strait of Hormuz, which still remains effectively closed due to the US-Israel war on Iran.As the war approaches its fifth week, global oil shortages are forcing countries to take severe measures to save their reserves as Iran continues to block oil shipments. Continue reading...