Iran Conflict Fuels U.S. Inflation, OECD Warns of Economic Impact

New OECD forecast predicts Iran war will drive U.S. inflation above 4% as higher energy prices and uncertainty impact growth.
A new forecast from the Organization for Economic Cooperation and Development (OECD) warns that a war in Iran could push U.S. inflation above 4 percent, highlighting the significant economic risks posed by the ongoing tensions in the Middle East.
The report, released on Tuesday, states that higher energy prices and the general uncertainty surrounding a potential conflict with Iran would weigh heavily on global economic growth and exacerbate inflationary pressures, particularly in the United States.
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Source: The New York Times

