Here's the big risk facing markets — besides inflation — as the Iran conflict drags on

Core Viewpoint - The ongoing war in the Middle East is contributing to rising U.S. inflation, particularly with gasoline prices nearing $4 per gallon, while there is also a growing concern about the potential for deflation [1] Group 1: Inflation Concerns - The average price of gasoline in the U.S. has spiked to almost $4 a gallon as of Thursday [1] - The likelihood of accelerating inflation in the U.S. is increasing due to geopolitical tensions [1] Group 2: Deflation Risks - Alongside inflation concerns, there is a notable anxiety regarding the possibility of deflation affecting American consumers and investors [1]