President Trump calls it "a small price to pay" for America and Israel’s war on Iran.
But for millions of people across the country, rising oil prices could have a significant impact on their household budgets.
Oil prices have surged past 100 dollars per barrel – the first time they’ve been that high since Russia invaded Ukraine.
That war sent the cost of living skyrocketing and there are fears this conflict will do the same.
Fuel prices have already risen and could go even higher.
Today the prime minister admitted that the longer the war goes on, the greater the economic impact here is likely to be. The question is, how long will that be?
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