What US-Iran Tension Could Mean for Your Wallet

{"data":{},"content":[{"data":{},"content":[{"data":{},"marks":[],"value":"Drama between the US and Iran goes waaay back. Now that the US has ","nodeType":"text"},{"data":{"uri":"https://www.nytimes.com/2020/01/02/world/middleeast/qassem-soleimani-iraq-iran-attack.html"},"content":[{"data":{},"marks":[{"type":"underline"}],"value":"killed General Qassem Soleimani","nodeType":"text"}],"nodeType":"hyperlink"},{"data":{},"marks":[],"value":" (one of Iran’s most powerful military leaders), the tension will likely escalate. And escalation could affect your wallet as well as the geopolitical scoreboard. Here’s how: ","nodeType":"text"}],"nodeType":"paragraph"},{"data":{},"content":[{"data":{},"marks":[{"type":"bold"}],"value":"You might pay more at the pump and beyond. ","nodeType":"text"},{"data":{},"marks":[],"value":"Oil prices ","nodeType":"text"},{"data":{"uri":"https://www.cnbc.com/2020/01/03/oil-prices-surge-after-reports-that-a-key-iranian-general-was-killed-in-iraq-airstrike.html"},"content":[{"data":{},"marks":[{"type":"underline"}],"value":"surged","nodeType":"text"}],"nodeType":"hyperlink"},{"data":{},"marks":[],"value":" in the hours following the drone strike that killed Soleimani. And since Iran is expected to disrupt oil production in the region in ","nodeType":"text"},{"data":{"uri":"https://apnews.com/e36db7c72c1adba1a6cae75091bc273d"},"content":[{"data":{},"marks":[{"type":"underline"}],"value":"retaliation","nodeType":"text"}],"nodeType":"hyperlink"},{"data":{},"marks":[],"value":", prices could jump even higher in the weeks to come. Meaning it could cost more to fill up your car and heat your home. Aaand probably take a trip, buy groceries, and ship that new Amazon order, too. Because lots of industries ","nodeType":"text"},{"data":{"uri":"https://www.theskimm.com/money/news-to-wallet/how-oil-prices-affect-your-wallet"},"content":[{"data":{},"marks":[{"type":"underline"}],"value":"rely on planes, trains, automobiles, and other gas-guzzling machinery","nodeType":"text"}],"nodeType":"hyperlink"},{"data":{},"marks":[],"value":". ","nodeType":"text"}],"nodeType":"paragraph"},{"data":{},"content":[{"data":{},"marks":[{"type":"bold"}],"value":"Your ","nodeType":"text"},{"data":{"uri":"https://www.theskimm.com/money/investing-101"},"content":[{"data":{},"marks":[{"type":"bold"},{"type":"underline"}],"value":"investments","nodeType":"text"}],"nodeType":"hyperlink"},{"data":{},"marks":[{"type":"bold"}],"value":" could feel the heat. ","nodeType":"text"},{"data":{},"marks":[],"value":"Major ","nodeType":"text"},{"data":{"uri":"https://www.theskimm.com/money/learn-the-language-stock-market"},"content":[{"data":{},"marks":[{"type":"underline"}],"value":"stock indexes","nodeType":"text"}],"nodeType":"hyperlink"},{"data":{},"marks":[],"value":" don’t like drama. And the latest events are no exception: the S&P 500, Dow, and NASDAQ all ","nodeType":"text"},{"data":{"uri":"https://www.wsj.com/articles/geopolitical-tensions-put-brakes-on-global-stock-rally-11578038726?mod=hp_lead_pos3"},"content":[{"data":{},"marks":[{"type":"underline"}],"value":"fell after the markets opened Friday","nodeType":"text"}],"nodeType":"hyperlink"},{"data":{},"marks":[],"value":". But it’s not all bad news. ‘Safer’ ","nodeType":"text"},{"data":{"uri":"https://www.theskimm.com/money/types-of-investments"},"content":[{"data":{},"marks":[{"type":"underline"}],"value":"assets","nodeType":"text"}],"nodeType":"hyperlink"},{"data":{},"marks":[],"value":" like gold and gov bonds are ","nodeType":"text"},{"data":{"uri":"https://www.reuters.com/article/us-global-markets/oil-safe-havens-surge-as-u-s-strikes-kill-iranian-commander-idUSKBN1Z2042"},"content":[{"data":{},"marks":[{"type":"underline"}],"value":"stronger than yesterday","nodeType":"text"}],"nodeType":"hyperlink"},{"data":{},"marks":[],"value":" as investors look for less risky places to grow their money. ","nodeType":"text"}],"nodeType":"paragraph"},{"data":{},"content":[{"data":{},"marks":[{"type":"bold"}],"value":"theSkimm: ","nodeType":"text"},{"data":{},"marks":[],"value":"US-Iran tension could impact how much you pay for some pretty basic stuff. And shake up your investment portfolio. Which means it’s a good time to revisit ","nodeType":"text"},{"data":{"uri":"https://www.theskimm.com/money/how-to-budget"},"content":[{"data":{},"marks":[{"type":"underline"}],"value":"your budget","nodeType":"text"}],"nodeType":"hyperlink"},{"data":{},"marks":[],"value":". Especially the ","nodeType":"text"},{"data":{"uri":"https://www.theskimm.com/money/how-to-save-money-on-food"},"content":[{"data":{},"marks":[{"type":"underline"}],"value":"food","nodeType":"text"}],"nodeType":"hyperlink"},{"data":{},"marks":[],"value":" and ","nodeType":"text"},{"data":{"uri":"https://www.theskimm.com/money/save-on-housing"},"content":[{"data":{},"marks":[{"type":"underline"}],"value":"utility","nodeType":"text"}],"nodeType":"hyperlink"},{"data":{},"marks":[],"value":" parts.  ","nodeType":"text"}],"nodeType":"paragraph"},{"data":{},"content":[{"data":{},"marks":[],"value":"PS: This is a big story that's changing quickly. We’ll keep you updated as the story develops. ","nodeType":"text"}],"nodeType":"paragraph"},{"data":{},"content":[{"data":{},"marks":[],"value":"","nodeType":"text"}],"nodeType":"paragraph"},{"data":{"target":{"sys":{"id":"3SAp2AhvEsr8xhCUW4ITJp","type":"Link","linkType":"Entry"}}},"content":[],"nodeType":"embedded-entry-block"},{"data":{},"content":[{"data":{},"marks":[],"value":"","nodeType":"text"}],"nodeType":"paragraph"}],"nodeType":"document"}
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