Walmart and Target are about to show just how much shopping habits have changed due to the Iran war

Walmart told UBS that consumer sentiment tends to sour when gasoline reaches $3.50 to $4.00 per gallon, with shoppers beginning to substitute purchases around $4.00 to $4.50. The comment links the Iran war-driven rise in gas prices to a potential slowdown in discretionary spending, but it is a qualitative read rather than a direct financial update.

Analysis

Walmart told UBS that consumer sentiment tends to sour when gasoline reaches $3.50 to $4.00 per gallon, with shoppers beginning to substitute purchases around $4.00 to $4.50. The comment links the Iran war-driven rise in gas prices to a potential slowdown in discretionary spending, but it is a qualitative read rather than a direct financial update.