The Price of Geopolitical Uncertainty The record breaking gas prices on Labor Day are a symptom of a far larger and more complex problem: our addiction to oil coupled with the unrelenting drumbeat of international tensions.
While it's easy to blame this latest surge in fuel costs on the ongoing conflict in the Middle East, the situation is more nuanced.
Attacks by the US and Israel on Iranian targets have disrupted crude oil traffic through the Strait of Hormuz, sending shockwaves through the global energy market.