The Iran war is in its second week, and there seems to be no end in sight. The longer the conflict drags on, the worse it may get for US businesses and consumers still reeling from the post-pandemic inflation bomb that has only recently settled. The situation is not so much about the domestic production of black gold as it is about the Strait of Hormuz, a global chokepoint that handles not only 20% of international crude oil but also a diverse array of goods.
Iran War Producing Warflation?
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