As the Iran war continues, energy prices are soaring. Despite concerns of inflation and economic uncertainty, the Federal Reserve held interest rates steady this week.

So far, global investors are reluctant to throw in the towel on stocks and bonds, though.

How is global chaos impacting you? Have you made any money moves – big or small – in recent weeks? Are you rethinking travel plans? If so, I want to hear about it.

Email me at onthemoney@thomsonreuters.com.

Experts say Americans face long-term pain when it comes to energy prices.

"It's the most in-your-face reminder of affordability concerns, and it's almost impossible to convince voters of some kind of contextual case that outweighs their emotional reaction," says Chris Borick, a pollster and political science professor at Muhlenberg College in Pennsylvania.

Oil prices have surged as the Iran conflict disrupted global supply. U.S. crude topped $100 a barrel for the first time since the 2022 Russia-Ukraine shock. U.S. diesel climbed above $5 a gallon, its highest level since late 2022. And the average price of gas at the pump is $3.79 per gallon in the U.S., up from $2.92 a month ago.

If you drive your car a lot, it’s not easy to cut fuel costs. Experts recommend keeping your tires inflated, using cruise control (which is my favorite car feature!) and removing excess weight. 

Are you making any lifestyle changes to cut down on the price of fuel? Let me know at onthemoney@thomsonreuters.com.