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William Jackson, chief emerging markets economist at Capital Economics, said that prolonged conflict affecting supply could cause oil prices to jump to around $100, potentially adding 0.6-0.7 percentage points to global inflation.
The conflict could also add to demand for US Treasuries whose yields have been falling in the past few weeks.
@just
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β’ βThey would soon have missiles capable of reaching America.β
β’ βThe Iranian regime had missiles capable of striking Europe.β
β’ βIran refused to stop developing nuclear weapons.β
β’ βWe projected 4β5 weeks, but it may take longer.β
β’ βWe are ahead of schedule.β
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