US inflation will soar to 4.2% if Iran war drags on, says OECD
New York Post·2026-03-26 16:30
The OECD on Thursday issued a somber warning about the economic impact of the Iran war if it drags on, saying inflation could reach a painful 4.2% in the US this year.That would mark the highest inflation rate among G7 member countries as Iran’s blockade of the Strait of Hormuz – a vital waterway for global oil and fertilizer supplies – adds to inflationary pressures from President Trump’s tariffs, according to the Paris-based Organization for Economic Co-operation and Development.“The breadth and duration ...