How the Iran war could impact the US economy [Yahoo! Finance]
S&P Global Inc. (SPGI)
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Source: Yahoo! Finance
A topsy-turvy stock market , a spike in oil prices and jumpy bond yields have taken hold alongside the rise in fuel costs. The overall economic impact of the war will likely depend on the duration and intensity of the fighting, economists told ABC News. A prolonged conflict threatens to drive up an array of consumer prices and shrink economic growth , they added, while a short-lived battle could leave little lasting damage. Iran live updates: 'They are toast and they know it,' Hegseth says “If the conflict and the disruption to oil supplies last a week or two, that's no big deal. If it lasts a month or two, the economic consequences will become meaningful. Anything longer than that will do a lot of damage to the economy,” Mark Zandi, chief economist at Moody's Analytics, told ABC News. Here's what to know about potential economic fallout from the Iran War and how it could impact you, according to some economists. Oil and gasoline prices take center stage The link between
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