LIVE
Oil $114/bbl (+63%) | Gas $3.54/gal (+18%) | Jet Fuel $175/bbl (+101%) | S&P 500 -8.2% | Strait of Hormuz BLOCKED | Qatar LNG exports HALTED | IEA releases 400M barrels from reserves | Oil $114/bbl (+63%) | Gas $3.54/gal (+18%) | Jet Fuel $175/bbl (+101%) | S&P 500 -8.2% | Strait of Hormuz BLOCKED
March 14, 2026 · 7:31 PM ET
Oil $114 +63% Gas $3.54 +18% Jet $175 +101% S&P -8.2%

How the Iran War Affects You

The average American household is paying $150-250 more per month since the conflict began. Here's what's changing and what you can do about it.

+$40-60 Gas
+$50-80 Food
+$30-50 Energy
-8.2% Markets
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BREAKING

Iran's president sets terms for ending the war as diplomatic contacts emerge

Iranian President Masoud Pezeshkian laid out terms for ending the war. China, Russia, and France have contacted Iran regarding a ceasefire. Analysts see a possible sign of de-escalation.

March 12, 2026 · diplomatic

Gas & Fuel

3 updates · 4 questions
CNBC
CNBC March 13, 2026
gas prices

Gas Hits $3.58 National Average, Up 20% Since War Started

The national average for regular gasoline hit $3.58/gallon on March 12, up from $2.98 before the war -- a 20% increase in just two weeks. Diesel reached $4.86/gallon. California prices are even higher, with some stations in San Francisco charging $6.50/gallon. Analysts warn prices could reach $4-5 nationally if the Strait of Hormuz remains disrupted.

Read full article on CNBC →
HOW IT AFFECTS YOU +$40-60/mo

You're paying $40-60 more per month at the pump

Average US gas hit $3.54/gal (+18%). California drivers paying $5.12+. Jet fuel doubled, pushing airfares up 15-35%.

Calculate your exact cost →

Groceries & Food

3 updates · 4 questions
CNN
CNN March 13, 2026
groceries

Grocery Prices Expected to Rise: Produce, Meat, and Dairy Hit First

Economists warn grocery shoppers will soon feel the impact of surging oil prices. Fresh foods that require quick transportation -- produce, meat, and dairy -- will see price increases first. U.S. oil prices have increased roughly 42% from pre-war levels to about $95/barrel, which could push overall inflation from 2.4% to 3% or higher. Packaged foods are less immediately affected but will follow if oil stays elevated beyond a month.

Read full article on CNN →
HOW IT AFFECTS YOU +$50-80/mo

Your grocery bill is up $50-80 per month

Food prices rising as fuel costs hit supply chains. Wheat, cooking oil, and meat seeing biggest jumps. Shipping disruptions adding 10-15% to imported goods.

See inflation breakdown →

Energy & Utilities

3 updates · 4 questions
CH
Chatham House March 13, 2026
energy

Qatar Helium Supply at Risk, Threatening Semiconductor Production

Qatar produces approximately 40% of the world's helium supply, which is critical for semiconductor manufacturing. The war's disruption to Gulf shipping lanes threatens this supply chain. Helium is used in chip fabrication, MRI machines, and scientific research. A prolonged disruption could create semiconductor shortages affecting electronics, cars, and medical equipment -- reminiscent of the 2020-2022 chip crisis.

Read full article on Chatham House →
HOW IT AFFECTS YOU +$30-50/mo

Home energy costs up $30-50 per month

Natural gas and heating oil prices surging. Electricity rates climbing as utilities pass on fuel costs. Winter heating bills expected to jump 25-40%.

Find ways to save →

Travel & Flights

3 updates · 4 questions
HOW IT AFFECTS YOU +15-35%

Flights are 15-35% more expensive

Jet fuel doubled from $85 to $175/bbl. Airlines adding fuel surcharges. Middle East airspace closed, forcing longer routes. Expect delays and cancellations.

Check travel alerts →

Markets & Investments

3 updates · 4 questions
CNN
CNN March 13, 2026
stock market

Mortgage Rates Climb to 6.11%, Erasing Recent Gains

The average 30-year fixed mortgage rate climbed to 6.11% in the week ending March 12, according to Freddie Mac. Just two weeks ago, rates had dipped below 6% for the first time since 2022. The reversal is driven by inflation fears from surging oil prices. A prolonged conflict could push rates even higher, while a short-lived war could see rates retreat.

Read full article on CNN →
FT
Fortune March 13, 2026
stock market

Recession Risk Rising as Economists Warn of 'Stagflation' Scenario

Multiple economists are warning that the Iran war has significantly increased U.S. recession risk. KPMG warns of an economic 'butterfly effect' that could keep inflation elevated for years. GDP growth could dip below 2% in the second half of 2026. The combination of high energy prices, rising consumer costs, and stagnant wages raises the specter of stagflation -- stagnant growth paired with high inflation.

Read full article on Fortune →
HOW IT AFFECTS YOU S&P -8.2%

S&P 500 down 8.2% since conflict began

Defense stocks up, but energy, travel, and consumer discretionary sectors hit hard. 401(k) accounts losing value. Bond yields rising as inflation fears grow.

Portfolio impact guide →

Jobs & Income

3 updates · 4 questions
HOW IT AFFECTS YOU Rising risk

Job uncertainty rising in key sectors

Travel, hospitality, and retail facing cutbacks. Defense and energy sectors hiring. Gig economy demand up as people seek extra income.

See affected industries →

Safety & Preparedness

2 updates · 4 questions
HOW IT AFFECTS YOU Be ready

Experts urge basic emergency preparedness

DHS recommends 72-hour emergency kits. Supply chain disruptions could affect essentials availability. Cybersecurity threats elevated.

Get the checklist →

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All reporting sourced from Reuters, AP, BBC, Al Jazeera, CNN, PBS, CNBC, Morgan Stanley, and the US EIA. Editorial standards →