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- 1Iran war gas price spike fuels economic pessimism●Everyone knows how much gasoline prices matter. The recent spike in gas prices triggered by the war with Iran has fueled
A spike in gasoline prices triggered by the war with Iran has deepened pessimism about the US economy and weighed heavily on President Donald Trump's approval ratings, commentators note. Analysts are also pointing to diesel, the fuel behind shipping and agriculture, as a further pressure point on prices and supply chains if the conflict keeps energy markets volatile.