Donald Trump’s Iran war leaves US with sharpest fuel shock in G7
Petrol and diesel prices are rising more swiftly in America than other major economies including the UK and Canada
Petrol and diesel prices are rising more swiftly in America than other major economies including the UK and Canada

Administration has failed to douse surge in fuel costs as Middle East turmoil deepens

Costs at the pump exceed level at the end of the Biden administration

Higher fuel costs will make it more expensive to transport goods and plant crops

The soaring cost of driving presents a political problem for Trump ahead of midterm elections in November

Republican Senator Josh Hawley to introduce legislation after Donald Trump backs move

Traders expect central bank to remain on hold until next summer in blow to Trump’s hopes for lower borrowing costs