As Trump declares inflation tamed, Iran conflict threatens new price pressures [CNBC]
MACQUARIE GROUP LTD S/ADR (MQBKY)
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Source: CNBC
Most economists say the impact from higher oil prices is difficult to gauge and could ultimately prove temporary, as has often been the case with past Middle East conflicts. Prolonged disruptions to shipping routes, higher insurance costs and supply chain rerouting could amplify inflationary pressures beyond the direct effect of higher gasoline prices. In this article Gas prices at a Sunoco gas station in Media, Pennsylvania, US, on Monday, March 2, 2026. Oil surged the most in four years as the first impacts of the war in the Middle East began to be felt, with a near halt to traffic through the Strait of Hormuz and disruption at a big refinery in Saudi Arabia underscoring the threat to supplies in one of the world's top producing regions. Photographer: Matthew Hatcher/Bloomberg via Getty Images Matthew Hatcher | Bloomberg | Getty Images Just as President Donald Trump has been insisting that inflation is on the run , the war involving Iran threatens another price spike that
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News
- Dollar edges higher as Middle East war boosts safe-haven demand [CNBC]CNBC
- US stocks rise, Asian markets get rocked as Middle East conflict intensifies [CNN]CNN
- US stocks rise, Asian markets get rocked as Middle East conflict intensifies [CNN]CNN
- Dollar Strengthens After Attack on Iran [Yahoo! Finance]Yahoo! Finance
- Dow tumbles 1,100 points as Wall Street fears a prolonged war with Iran [Yahoo! Finance]Yahoo! Finance