Economists Warn Iran War Increases Risk Of Recession In Next 12 Months

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The war in Iran is already having a profound impact on the wallets of U.S. citizens. Gas prices have skyrocketed over the last month, with no sign they’ll be coming down anytime soon. As the war in Iran continues to disrupt oil supplies and shipping routes, several economists have warned that a prolonged conflict in Iran could lead to a recession within a year. 

According to CBS News, economists at Goldman Sachs estimate that the increase in oil prices...