Oil prices surge amid renewed Iran fighting
The surge in prices could come with adverse implications for Republicans in the midterms, especially as affordability takes center stage for many voters.
Major global oil indicators are surging in the wake of renewed conflict between the U.S. and Iran and the American blockade of the Strait of Hormuz.
As of press time, Brent crude oil stood at roughly $84.50 dollars per barrel, up considerably from the Friday close of $75.22. WTI crude, meanwhile, stood at $78.99, up from Friday's close of $71.51.
The surge in prices could come with adverse implications for Republicans in the midterms, especially as affordability takes center stage for many voters.
Polling has increasingly suggested that the public expects the war to continue for the foreseeable future. Fighting resumed earlier this month on President Donald Trump's orders, just weeks after the signing of a Memorandum of Understanding (MOU) that was meant to extend a ceasefire.
Ben Whedon is the Chief Political Correspondent for Just the News. Follow him on X.
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