Close Menu
  • Home
  • AI
  • Art & Style
  • Economy
  • Entertainment
  • International
  • Market
  • Opinion
  • Politics
  • Sports
  • Trump
  • US
  • World
What's Hot

Mistakes you make when talking about money with your partner

March 28, 2026

Japanese GP: Max Verstappen is “beyond frustrated” after shocking Q2 loss to Red Bull driver in Suzuka qualifying | F1 News

March 28, 2026

Anthropic’s Claude is soaring in popularity among paying consumers

March 28, 2026
Facebook X (Twitter) Instagram
WhistleBuzz – Smart News on AI, Business, Politics & Global Trends
Facebook X (Twitter) Instagram
  • Home
  • AI
  • Art & Style
  • Economy
  • Entertainment
  • International
  • Market
  • Opinion
  • Politics
  • Sports
  • Trump
  • US
  • World
WhistleBuzz – Smart News on AI, Business, Politics & Global Trends
Home » During the US-Iran war, soaring fuel prices put pressure on budgets other than gasoline pumps.
Economy

During the US-Iran war, soaring fuel prices put pressure on budgets other than gasoline pumps.

Editor-In-ChiefBy Editor-In-ChiefMarch 28, 2026No Comments4 Mins Read
Share Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email Copy Link
Follow Us
Google News Flipboard
Share
Facebook Twitter LinkedIn Pinterest Email


USPS and United Airlines.

Joe Radle | Grace Hieyun | Anadolu | Getty Images

As the U.S.-Iran war enters its fifth week, consumers are facing economic fallout affecting everything from travel plans to mail delivery.

Businesses and other organizations are increasingly preparing for an environment in which conflict and subsequent shocks to oil prices evolve from unexpected shocks to long-term challenges. As companies change their policies, Americans will reflect on their pocketbooks rather than just pumping gas.

Many companies are linking these adjustments to higher oil prices and reduced supply due to the blockage of the vital Strait of Hormuz. May contract price brent Crude oil prices, the global benchmark for oil prices, soared more than 55% in March, marking the biggest monthly increase since 1998. US crude oil prices Growth has declined slightly, registering a 49% increase since the beginning of the month.

Stock chart iconStock chart icon

Brent May 2026 Contract

The U.S. Postal Service announced Wednesday that it is considering temporarily imposing an 8% fuel surcharge on parcel and express mail deliveries. The tax, subject to regulatory approval, is expected to begin in late April and run through early 2027, according to the USPS.

“This temporary price adjustment will provide the Postal Service with needed flexibility by helping ensure that the actual costs of doing business are covered as required by Congress,” the Postal Service said in a statement.

The Postal Service said its rates are lower than those of its competitors. fedex and UPS CNBC previously reported that it increased additional fuel prices in response to the US and Israeli attacks on Iran.

united airlines The airline announced it would cut some low-profit flights in the coming quarters due to rising fuel costs, according to a memo from CEO Scott Kirby. This applies to routes that operate on weekdays, Saturdays, and at night.

The Chicago-based airline plans for oil prices to reach $175 a barrel and remain above $100 almost until the end of next year. Those prices could add $11 billion to United’s fuel costs, more than double the profit the airline made in its top year, Kirby said.

Kirby told CNBC’s Phil LeBeau this week that travelers should be prepared to pay more for tickets because of rising fuel costs. He said oil is the company’s second-largest expense after labor costs.

“I think freight rates will continue to rise in response to oil prices,” Kirby said. “In any business, certainly an airline, you have to ignore the cost of inputs.”

Rising crude oil prices may increase the cost of producing petroleum products. 3M CEO William Brown said this at an industry conference earlier this month. He said Command & Post-It’s parent company could implement price increases similar to those made after President Donald Trump instituted tariff policies about a year ago.

“If oil prices remain high, we will need to take the same steps we did last year and be more sensitive to pricing,” Brown said.

door dash and lift This week, it rolled out a “relief” program that included expanded benefits at gas stations. Advocates for drivers on gig work platforms argue that these workers don’t have the same ability to adjust rates as other independent contractors when costs rise.

“Drivers are feeling the cost of higher gas prices, which ultimately impacts their bottom line,” Yuko Yamazaki, Lyft’s driver manager, said in a statement.

Uber and Lyft signs installed on vehicles at San Francisco International Airport (SFO) on Sunday, August 3, 2025 in San Francisco, California, USA.

David Paul Morris | Bloomberg | Getty Images

The average price of unleaded gas in the U.S. jumped to around $4, an increase of about 33% from a month ago, according to AAA. The last time gas prices were this high was during Russia’s invasion of Ukraine in 2022, the group said.

Americans are losing confidence in the economy as they brace for faster inflation, according to data from the University of Michigan Consumer Survey released Friday. The general index fell by about 6% in March, the lowest level on record.

“War worsens consumer sentiment about the economy. This is not a shocking fact,” said Elizabeth Renter, senior economist at financial education platform NerdWallet. “When war begins, people expect economic constraints to worsen, such as rising prices.”

— CNBC’s Dan Mangan and Jeff Cox contributed to this report.

Get Morning Squawk straight to your inbox

Never miss the most trusted news moments in business news when you choose CNBC as your preferred source on Google.



Source link

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
Editor-In-Chief
  • Website

Related Posts

Markets believe the Fed’s next move could be to raise interest rates as oil prices and inflation concerns rise

March 27, 2026

The Global Forecast Group expects U.S. inflation to be 4.2% this year, much higher than the Fed’s forecast.

March 26, 2026

Wall Street raises the possibility of a recession as the economy shows cracks beneath the surface

March 25, 2026
Add A Comment

Comments are closed.

News

House Republicans reject bill to pay federal airport workers | Donald Trump News

By Editor-In-ChiefMarch 27, 2026

Trump has directed the Department of Homeland Security to pay federal airport workers as travelers…

Mexican Navy searches for two missing boats involved in Cuba aid convoy | Mexican Navy Humanitarian Crisis News

March 27, 2026

US diplomat Marco Rubio condemns settler violence and victims in Strait of Hormuz Donald Trump News

March 27, 2026
Top Trending

Anthropic’s Claude is soaring in popularity among paying consumers

By Editor-In-ChiefMarch 28, 2026

Regardless of how Anthropic ultimately ends up in its feud with the…

Memory chip giant SK Hynix could contribute to the end of “RAMmageddon” with blockbuster IPO in the US

By Editor-In-ChiefMarch 27, 2026

South Korean memory chip giant SK Hynix, already listed on KOSPI, is…

David Sachs is done as AI czar — here’s what he’s doing instead

By Editor-In-ChiefMarch 27, 2026

David Sachs is done with his days as Donald Trump’s AI and…

Subscribe to News

Subscribe to our newsletter and never miss our latest news

Welcome to WhistleBuzz.com (“we,” “our,” or “us”). Your privacy is important to us. This Privacy Policy explains how we collect, use, disclose, and safeguard your information when you visit our website https://whistlebuzz.com/ (the “Site”). Please read this policy carefully to understand our views and practices regarding your personal data and how we will treat it.

Facebook X (Twitter) Instagram Pinterest YouTube

Subscribe to Updates

Subscribe to our newsletter and never miss our latest news

Facebook X (Twitter) Instagram Pinterest
  • Home
  • Advertise With Us
  • Contact US
  • DMCA Policy
  • Privacy Policy
  • Terms & Conditions
  • About US
© 2026 whistlebuzz. Designed by whistlebuzz.

Type above and press Enter to search. Press Esc to cancel.