Inflation fell in June as Iran war receded. Now, it might roar back.

The Christian Science Monitor·Jul 15

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Inflation decreased in June, potentially due to a decrease in tensions related to the Iran war. However, it is uncertain whether this trend will continue, with some outlets suggesting that inflation could increase again. The conflict in Iran has had far-reaching effects on the economy, including impacts on oil prices, the stock market, and prices in various countries.

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The New York Times·Apr 10

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Inflation fell in June as Iran war receded. Now, it might roar back.

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What’s happening this week in economics?

Even with a deal to reopen the Strait of Hormuz, it could take weeks or months for oil to fully flow

Nigeria’s fuel, fertilizer, and food prices feel the strain of the Iran conflict

Gold steady as oil falls on uncertainty over end to Iran war; dollar, yields ease

U.S. Inflation Surged in March as Iran War Pushed Up Prices