Iran war could push inflation higher this year, Goldman Sachs says

The impact of the Iran war on global oil prices could push the rate of inflation facing U.S. consumers higher, which would leave Federal Reserve policymakers in a difficult spot as they weigh possible interest rate cuts. An analysis by economists at Goldman Sachs projected that Brent crude oil prices, a common benchmark for the global oil market, are expected to remain elevated, averaging $105 a barrel in March and $115 in April before falling to $80 a barrel in the fourth quarter of 2026. That's based on o ...