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What smart people are saying about inflation as the war in Iran presses on

Consumers are experiencing higher prices at the gas pump.

Brandon Bell/Getty Images

  • The Iran war-induced oil spike will likely affect inflation in March.
  • Energy could have spillover effects on other areas of the economy.
  • Consumers are already taking a hit over the cost of living.

There's a new force that could push up inflation in the US once again: The Iran war.

Oil prices passed $100 a barrel on Sunday after the effective closure of the Strait of Hormuz...

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