Iran War Inflation Likely To Stick

Economists are warning that inflation fueled by the Iran war is likely to persist even after a potential ceasefire, with significant implications for consumer costs. The conflict has already driven U.S. gas prices above $4 per gallon, contributing to broader inflationary pressures across the economy. Experts suggest that these elevated costs will linger well into 2027, impacting household budgets and potentially influencing central bank policy. This persistent inflation poses a challenge to economic stability and recovery efforts.