Oil prices leap on worries about Iran war, while US stocks trim their sharp losses
NEW YORK (AP) — Oil prices are leaping Monday with worries that the Iran war will clog the global flow of crude and make inflation even worse. U.S. stocks, meanwhile, are swinging between sharp losses and a tiny gain.
Crude prices jumped more than 5%, which will likely mean higher prices soon at gasoline pumps. That would hurt not only U.S. households, whose spending makes up the bulk of the U.S. economy, but also businesses with big fuel bills.
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