What a potentially wider Israel-Hamas war could mean for the US economy
A potential escalation of the Israel-Hamas war and the possibility that it could widen into a regional conflict could send gas prices above $5 a gallon, trigger an overall surge of inflation and plunge the U.S. economy into a recession, economists and oil industry analysts told ABC News.
A conflict that ensnares the Middle East could send oil prices soaring, which in turn would hike costs not only for gasoline but also for many consumer products that depend on diesel and jet fuel for transport, the experts said.
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-ABC News' Max Zahn
What a wider Middle East war could mean for the US economy