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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.
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• “They would soon have missiles capable of reaching America.”
• “The Iranian regime had missiles capable of striking Europe.”
• “Iran refused to stop developing nuclear weapons.”
• “We projected 4–5 weeks, but it may take longer.”
• “We are ahead of schedule.”
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