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Benzinga
Benzinga
Business
Rishabh Mishra

Oil Surges Again as US-Iran War Escalates: Top Economist Justin Wolfers Explains the ‘Hidden Pattern’ Driving Gas Prices

Justin Wolfers Oil United States Donald Trump Gas Prices Iran ETF Middle East
Oil,Price,Fall,Indication,,Barrel,Focused,,Oil,Price,Drop.,3d

Fresh military strikes in the Middle East have shattered a fragile ceasefire, sending crude oil prices surging and guaranteeing an immediate spike in fuel costs. This rapid increase, contrasted with sluggish price drops during periods of relief, is driven by a “hidden pattern” that economists have long tracked.

The Rockets and Feathers Phenomenon

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