Marketplace · Friday, July 24, 2026
Stacy Vanek Smith reports that oil prices have risen back to around $90 a barrel, attributed to the closure of the Strait of Hormuz. This price increase is seen as negative for both consumers and businesses, exacerbating existing concerns about inflation and rising costs.
“That's pretty much a good sum up of 2026 so far. You know.”
“We got some pretty promising inflation numbers earlier this month. And now it seems like straight to Hormuz is closed again. Oil's back up around 90 bucks a barrel.”
“As you've talked about so many times on the show, oil prices seep into everything. So that is just not good news for consumers or for businesses.”