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US-Israel war with Iran. The energy cap fixes the maximum amount which customers on standard variable tariffs can be charged for each unit of gas and electricity used. It covers around 33 million households
gas, chemicals and fertiliser remain largely stranded by Iran’s shutdown of the strait and the subsequent US naval blockade of Iranian ports. In the worst-case scenario of a prolonged war, the IMF said
2023, Prasad said. “The question is, where is the risk being hidden right now?” ## **The K-shaped economy** Though inflation has come down since its 40-year high in 2022, Americans are still feeling
gas supplies. With rising fuel costs, airlines have [hiked ticket prices](/economy/2026/5/6/airlines-hike-fares-cut-millions-of-seats-as-iran-war-drives-up-fuel-costs). According to the travel search site Kayak, the average international airfare from the US to all destinations was $1,101 in the last
April as the war in the Middle East continued to drive energy prices and everyday costs for Americans. Prices rose 3.8% over the last year, according to the data from the Bureau of Labor Statistics
current and former FBI officials. Patel denies all the allegations, calling them “outrageous” and “malicious”. ## **Nebraska Democratic Senate primary winner says she** **will drop out to support independent in general election**  ## The ‘truck deception’ While Israel frequently claims it is allowing hundreds of aid trucks into Gaza, Palestinian officials and economic experts
gas were in greater demand after the Covid pandemic, and energy prices surged again when Russia invaded Ukraine. It then remained well above the 2% target, partly because of higher food prices. The April
April 28, 2026. **Raul Arboleda/AFP via Getty Images** Raul Arboleda/AFP via Getty Images SANTA MARTA, Colombia — As the sun sets on the Caribbean coast, the lights turn on at the giant port that exports [millions
US and Israel’s war on Iran and Tehran’s subsequent closure of the Strait of Hormuz, through which about 20 percent of the world’s oil and natural gas is shipped. Dangote, Africa
April. A “coalition of the willing” – including 54 countries and various subnational governments, civil society groups and academics– will try to [chart a new path](https://www.theguardian.com/environment/2026/apr/17/colombia-convenes-climate-coalition-of-the-willing-to-break-global-fossil-fuel-deadlock) to powering the world with low-carbon
gas prices but also mounting geopolitical costs. Fresh disputes between Washington and NATO over the Middle East conflictare pushing European leaders to seriously consider a future in which the U.S. no longer leads the alliance