US President Donald Trump criticized major oil companies like Chevron and ExxonMobil for posting record profits while consumers face high petrol prices amid ongoing US tensions with Iran.
A Moody's Analytics study estimates the Iran conflict has cost US households $100 billion due to a 35% surge in oil prices, translating to $750 per household. Rising energy costs are outpacing tax cuts and draining personal savings, impacting middle and lower-income families.
A Moody's Analytics study estimates the Iran conflict has cost US households $100 billion, or $750 each, due to a 35% surge in oil prices and the closure of the Strait of Hormuz. Public polling indicates rising cost of living concerns.
A Federal Reserve report reveals 10% of US adults used crypto in 2025, up from 8% in 2024, reaching 2022 levels. Investment remains the primary driver, though transactional use is growing. A generational and income divide persists.
