War and Oil: The Effects Are Still Spreading

President Trump says the war in Iran is "mostly done," and the stock market is bouncing back. Oil prices even fell below $90.

But experts at Goldman Sachs are worried. They say if ships can't move through the Strait of Hormuz this week, oil could hit $150 by the end of the month. They believe this problem is 17 times bigger than the crisis in Ukraine.

People are still worried about oil, and it is changing many things:

Higher Interest Rates: The 10-year Treasury rate rose to 4.6% as investors get nervous.

Deliveries Cost More: Amazon Prime is raising prices because gas is expensive. Each delivery will cost about $0.50 more.

Flying is More Expensive: Airlines say they have to raise ticket prices by 12% because of fuel costs.

Shipping Prices Explode: The cost to move things by sea jumped by 240% in just one week.

Oil Companies are Winning: ExxonMobil is making more money, and its stock is staying strong.

Bitcoin is Back: Bitcoin rose above $70,000. People hope the "Big War" is turning into a "Small Fight," and they are using Bitcoin to protect their money.

Factories are Moving: German companies are building factories in America because gas is 4.5 times cheaper there.

Japan Might Act: Japan may raise interest rates soon because prices are going up. This could shake up markets around the world.

Clothes and Materials: In China, the price of materials used to make clothes is skyrocketing. This means shirts and shoes will likely cost much more in 2 or 3 months.