Your wallet could take a hit: What to watch for as the Iran conflict grows

Conflicts in the Middle East have historically rattled global markets

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The war with Iran is thousands of miles away — but its effects could hit your wallet right here at home.

Conflicts in the Middle East have historically rattled global markets, and this one is no different.

Here’s a look at what could get more expensive if the conflict continues:

Gas: Iran is a major oil producer. Any disruption to oil supply in the region could cause gas prices to climb at the pump.
Airfare: Airlines burn jet fuel. When oil prices rise, ticket prices usually follow.
Groceries: Higher fuel costs mean higher shipping and transportation costs — and that gets passed on to consumers.
Heating and cooling bills: Natural gas prices are closely tied to global energy markets and could spike.
Everyday goods and electronics: Supply chain disruptions caused by regional instability can slow shipping and drive up the cost of imported products.
Shipping and freight: The Strait of Hormuz — a critical global shipping lane — runs near Iran. If it’s threatened, global shipping costs could surge.
Medications: Many pharmaceutical ingredients are imported. Higher shipping costs and supply chain strain could push prices up.
Adult Libations: The price of your favorite libation/s is increasing.
DWI/DUI: The cost of defending these offenses is increasing.