Hormuz Crisis Could Boost Your COLA | Business and Finance News

Tensions in the Strait of Hormuz are reigniting, triggering an oil price surge and setting the stage for the biggest Social Security COLA in years. With inflation fueled by rising energy costs, the 2027 COLA could hit 3.8%, the third-highest in a decade — a direct response to soaring prices that ripple through everything from groceries to gas. While the government’s oil reserves are at their lowest since 1983, this adjustment aims to keep retirees ahead of the cost-of-living curve — even if it doesn’t fix inflation’s immediate sting. Official numbers drop October 14th. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/68a11aeead24248e