Oil Prices Hit a New Wartime High as Iran Standoff Shows No End in Sight

NYT Home | Thu, 30 Apr 2026 11:23:45 +0000

Oil climbs to new peaks,  
Iran's standoff lingers on,  
Inflation's grip tightens.

The longer the disruption to Middle East fuel supplies lasts, the risk grows that higher energy costs will feed into broader inflation that could dent economic growth.

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