Gas prices pass $3.50 per gallon to highest level since 2024 amid U.S.-Iran war

The escalation of the U.S.-Iran war has significant implications for the global oil market, leading to increased prices that affect consumers and the broader economy. As tensions continue, the volatility in oil prices may persist, prompting concerns about inflation and economic stability. Policymakers will need to monitor these developments closely to mitigate potential impacts on consumers.