A surge in oil prices tied to rising tensions involving Iran has economists and investors whispering a word we haven’t heard much since the 1970s: stagflation. But what exactly is it—and should you be worried?

In this episode, Pete breaks down why spikes in oil prices can ripple through the entire economy, how stagflation happens when inflation and economic slowdown collide, and why energy shocks have historically been the trigger. More importantly, he explains what this moment actually means for households, your budget, and the broader economy.

Is stagflation coming… or is this just another scary economic headline?

Pete separates the signal from the noise.