AP: Iran war spiking costs beyond fuel

The Associated Press reports the most tangible and immediate effect of the Iran war for many people outside the Middle East has been spiking gasoline prices. However, crude oil is not just refined into fuel but is a key component in thousands of everyday products, from synthetic clothing and plastics to crayons and cosmetics. The ongoing conflict and US blockade are disrupting the global supply chain for these petroleum-based goods, leading to broader inflationary pressures. Analysts warn that consumers worldwide will continue to see rising costs for a vast array of common items as long as the crisis continues.