A research firm details why surging oil prices won't lead to a US inflation nightmare

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• US stocks have dropped and oil prices have spiked in the week since the Iran war kicked off.
• Pantheon Macroeconomics sees gas prices rising to $4 a gallon soon.
• However, the firm said the labor market is too weak to support a sustained rise in inflation.

The US war with Iran has hit stocks as it continues to push oil prices up, threatening to spur higher inflation. However, one economic research firm says fears of a sustained...