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Oil price spikes throughout history: 'Everything just cost more' - Velshi - MS NOW
Oil prices are spiking, due to the U.S.-led war with Iran, and its ripple effects are being felt far beyond America’s gasoline pumps.
Caleb Silver of People, Inc. and Investopedia unpacks oil price hikes from recent history to explain why we should all expect “an overall inflationary effect.” He warns, “We don’t know long it’s going to last.” - Aired on 03/21/2026.