
Economic Uncertainty Reigns in Wake of Iran War
Hours after President Trump announced a two-week ceasefire with Iran on Tuesday, the price of U.S. benchmark oil fell 15% to $96 a barrel. Economists say that while the ceasefire will provide some short-term relief in surging energy prices as a result of the Iran conflict, the long-term economic impact of the war could last months or years, in addition to other concerns over lingering inflation, sluggish economic growth, and the continued buildup of the national debt.









