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Stock impact report

Iran War Has Only Small Effect On U.S. Economy So Far, Forecasters Say [Yahoo! Finance]

LPL Financial Holdings Inc. (LPLA) 
Last lpl financial holdings inc. earnings: 4/30 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.lpl.com
Company Research Source: Yahoo! Finance
The war mainly affects the U.S. economy by threatening the passage of oil through the Strait of Hormuz, a chokepoint in global oil supply chains. The economic effect could worsen if the war drags on longer. The war against Iran will push up energy prices but seems likely to have only a modest effect on inflation and the U.S. economy, at least so far, several economists said Monday. Energy prices rose Monday after the U.S. and Israel launched a bombing campaign against Iran, killing Supreme Leader Ayatollah Khomeini and provoking a wave of retaliatory drone and missile attacks against Israel, U.S. bases in the Middle East, and Gulf states. As of Monday afternoon, crude oil futures soared roughly 7%. Fears rose that the war would disrupt sea traffic through the Strait of Hormuz, through which a quarter of the world's seaborne oil passes. Natural gas futures were up 3.25%. Economists said the conflict's consequences on the U.S. economy could be minor if it ends soon. "The mi Show less Read more
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