Iran war fuels inflation, mortgage rates and gas prices

The affordability crisis is revving up again. The war in Iran and Trump’s tariffs are pushing prices up and raising fears of renewed inflation.

The affordability crisis is revving up again.

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The war with Iran and President Donald Trump’s global tariff agenda are pushing prices higher across the country and raising fears of renewed inflation.

Gas prices are surging again, hitting an average of $4.10 per gallon on Friday and poised to climb higher. These rising costs at the pump are a direct result of the jump in global oil prices.