Wider Middle East war could spike oil prices and rekindle US inflation, experts say
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Israeli airstrikes in Lebanon have killed about 550 people and injured 1,850 since September 24, 2024; potential wider conflict could push gas prices above $5 per gallon; oil prices surged 1.5% on September 24, 2024, and have climbed over 8% in two weeks; U.S. oil production reached a record 12.9 million barrels per day in 2023; Iran's involvement could disrupt global oil supply; weak economic performance in Europe and China is currently lowering oil demand; experts warn of inflationary shocks from rising oil prices.

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https://abcnews.go.com/US/wider-middle-east-war-spike-oil-prices-rekindle/story?id=113922941