What Trump’s war on Iran means for the US energy crunch
TL;DR
Trump's military strikes on Iran have caused fuel price surges, raising concerns about higher energy costs and pressure on US power grids. The conflict may boost domestic oil and gas production, but it's too early to predict long-term impacts on prices.
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Fuel prices surged after the Trump administration launched strikes against Iran on Saturday, immediately raising questions about whether the war would increase energy costs for Americans, put more pressure on power grids, and push companies to pump out more oil and gas in the US. If conflict drags on, that could potentially play into Donald Trump's plans to "drill, baby, drill" - but that doesn't necessarily protect Americans from higher energy prices.
Keep in mind that it's still too early to tell what kind of war the US may have sparked. The spike in global oil prices could be short-lived. But prolonged conflict and disruptions to oil an …