CNN —
The American economy faces the unwelcome prospect of reignited inflation after the United States launched strikes on three nuclear facilities in Iran.
High oil and gas prices are a near certainty, experts say. The big question now: How long will the fossil fuels price spike last?
Oil prices are expected to rise by about $5 per barrel when markets open Sunday night, according to experts.
“We are looking at $80 oil on the open,” said Andy Lipow of Lipow Oil Associates. US oil hasn’t closed above $80 a barrel
→ Continue reading at CNN - Business News
