As Trump declares inflation tamed, Iran conflict threatens new price pressures

In this articleUSOXOMCVXGas prices at a Sunoco gas station in Media, Pennsylvania, US, on Monday, March 2, 2026. Oil surged the most in four years as the first impacts of the war in the Middle East began to be felt, with a near halt to traffic through the Strait of Hormuz and disruption at a big refinery in Saudi Arabia underscoring the threat to supplies in one of the world's top producing regions. Photographer: Matthew Hatcher/Bloomberg via Getty ImagesMatthew Hatcher | Bloomberg | Getty ImagesJust as Pre ...