How the Iran war could affect your wallet

Crude oil topped $110 per barrel Monday, the highest level since 2022, as the Iran war disrupts global energy production. Elevated oil prices will add upside pressure to inflation and consumer fuel and goods costs, squeezing real incomes and discretionary spending. Expect energy-sector outperformance offset by broader risk-off moves and higher volatility amid potential supply disruptions and sanctions.

Analysis

Crude oil topped $110 per barrel Monday, the highest level since 2022, as the Iran war disrupts global energy production. Elevated oil prices will add upside pressure to inflation and consumer fuel and goods costs, squeezing real incomes and discretionary spending. Expect energy-sector outperformance offset by broader risk-off moves and higher volatility amid potential supply disruptions and sanctions.