Anonymous21 days ago
Consumer prices rose at a moderate pace in January and February 2026, with year-over-year inflation falling to 2.4% — its lowest in five years — as shelter costs cooled and gasoline prices dropped. But the U.S.-Israel joint military strikes on Iran beginning February 28 triggered the largest oil supply disruption in history, sending crude prices surging from $67 to over $94 per barrel and threatening to reverse months of inflation progress.