Energy prices are on the move. Volatility spikes as Americans face devastating hurricanes domestically and conflict escalates in the Middle East.
Israel has promised to retaliate against Iran’s ballistic missile attack last week, and Wall Street is already pricing some of the fears of escalation into the market. These concerns are compounded by another hurricane headed for the East Coast, which FOX Weather has officially upgraded to Category 5.
FOX Business correspondent Lydia Hu is joined by senior energy market analyst and FOX Business contributor Phil Flynn to explain how the Middle East’s building conflict and severe weather in the U.S. could mean a major energy price spike for consumers.
Photo Credit: AP
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