The longer the disruption to Middle East fuel supplies lasts, the risk grows that higher energy costs will feed into broader inflation that could dent economic growth.
Key inflation gauge jumps to highest level in 3 years as Iran war spikes gas prices AP NewsCore inflation rate hit 3.2% in March as first-quarter growth disappointed at 2% CNBCInflation spikes to 3.5 percent in March as Iran war drove prices higher The HillGDP Rises, Inflation Increases in March U.S. News & World Report