Fuel prices may keep rising as tensions persist with Iran, UTEP economist says
Published on March 10, 2026.
Professor Tom Fullerton from the University of Texas at El Paso, an economics professor, has warned that fuel prices may continue to rise due to ongoing tensions with Iran. The conflict has disrupted global oil markets, including shipping routes near the Straits of Hormuz in the Persian Gulf and reduced global oil supply. Fullerton also noted that the war has resulted in significant damage to oil facilities and decreased oil moving through the region. He warned that if the current situation with Iran continues, it could lead the U.S. to a recession.
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