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Iran Conflict Sparks Rising Oil Prices Amid Inflation

3/11/2026

46 9 Full Breakdown

Summary

Story summary

The onset of the Iran conflict under U.S. President Donald Trump has driven rises in oil and gas prices.
February inflation data show inflation at 2.4% and core at 2.5%, unchanged from January.
Gas prices rose 0.8% in February and may climb due to Strait of Hormuz disruptions.
The White House says the economy can handle these disruptions.
Experts warn that higher prices could complicate the Federal Reserve's rate cuts.

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Story summary

The onset of the Iran conflict under U.S. President Donald Trump has driven rises in oil and gas prices.
February inflation data show inflation at 2.4% and core at 2.5%, unchanged from January.
Gas prices rose 0.8% in February and may climb due to Strait of Hormuz disruptions.
The White House says the economy can handle these disruptions.
Experts warn that higher prices could complicate the Federal Reserve's rate cuts.