Rising gas and oil prices, war escalation in Europe and the Middle East, and a record crypto hack are hitting markets at once, which is bad news for consumers and investors alike.

• Gas prices and oil futures are climbing fast, with oil near $117-120 a barrel and US gas averaging over $4.
• Tech stocks dropped sharply after weak earnings, with Amazon, Intel, and Google all falling.
• The US is reportedly weighing military action against Iran, possibly timed for right after the midterm elections, which raises fears of another price shock.
• Europe faces its own energy squeeze as natural gas supplies hit record lows and fighting between Russia and Ukraine escalates, raising the risk of a painful winter.
• Crypto exchange Binance was hit by the largest hack ever, with billions stolen and North Korean hackers blamed.

Outlook: Expect continued pressure on energy prices and markets if Middle East tensions escalate after the midterms, with a cold winter in Europe adding further risk.