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2026-05-17 08:26:30
[The Iran war drives up oil prices and exacerbates wealth inequality in the United States] (1) The largest oil supply disruption in history is exacerbating the internal divisions within the U.S. economy. (2) According to an analysis of OPIS pricing data and federal demand data, Americans spent approximately $45 billion more on gasoline and diesel during the Iran war than in the same period of the previous year. (3) Soaring oil prices have led to a larger proportion of the wages of low- and middle-income consumers being consumed by energy expenditures, while the investment portfolios of oil and gas company investors continue to appreciate.
