The economic reverberations of war.

From Marketplace, I'm Sabri Beneshore in for David Bruncaccio.

The war with Iran continues to disrupt oil production and shipping channels in the Middle East.

It's also raising concerns about global inflation.

International Standard Brent Crude is up 6% this morning to more than $82 a barrel.

A week ago, it was around $70. Airlines and travelers are still struggling with closed

air routes and airports. 11,000 flights have been canceled affecting 1.5 million passengers.

Marketplaces Nova Sappho has the latest.

Crude oil prices are rising over concerns that a key waterway for tankers, the

strait of Hormuz, located along Iran's south, will remain effectively off-limits.

About 150 ships are stranded. Insurers have cancelled war risk coverage for tankers. Shipping rates are up,

and container ships, not just tankers, are caught in the backup. Consumers may already be feeling the

effects. Average gas prices in the U.S. have risen 10 cents in a day, according to AAA.

Rising energy prices could hurt airlines airlines too, which are already struggling

with disruptions along mid-east routes. Overall, analysts say the inflationary impact from the

military conflict may be temporary and minimal if it is over quickly. But a prolonged war,

a month or longer, could cause energy prices to skyrocket.

I'm Novosafo for Marketplace.

A week and a half after the Supreme Court struck down many of President Trump's tariffs,

the question of refunds for all the businesses that paid them is still hanging in the air.

The Trump administration wanted to slow down the refund process.

A federal court

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