Pump to Pantry: Gas Price Swings Hit Grocery Costs
In late February, the United States began its aerial bombardment of strategic targets in Iran, and the world economy quickly reacted.
In a matter of days, gasoline and crude oil prices skyrocketed.
The World Economic Forum reports that Iran produces approximately 12% of the world’s oil. Following the initial strikes by the U.S. and Israel, Iran closed the Strait of Hormuz, a vital waterway that sees 20 million barrels of oil move throu...
In a matter of days, gasoline and crude oil prices skyrocketed.
The World Economic Forum reports that Iran produces approximately 12% of the world’s oil. Following the initial strikes by the U.S. and Israel, Iran closed the Strait of Hormuz, a vital waterway that sees 20 million barrels of oil move throu...