Daily Market Updates: Middle East tensions revive inflation worries as oil stays elevated

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Middle East tensions revive inflation worries as oil stays elevated

Analysts say higher oil prices linked to US-Iran escalation risk feeding back into inflation expectations.

Reported · Written up by our desk · Energy

Inflation fears have returned to the spotlight as renewed worries over escalating tensions in the Middle East have helped keep oil prices elevated, according to CNBC Markets.

CNBC World similarly points to the conflict, including concerns tied to US and Iran, as a key driver behind persistently firm oil prices and the renewed focus on inflation impacts.

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Sources

CNBC MarketsInflation fears are back in the spotlight as the Middle East conflict keeps oil prices elevated, analysts say

CNBC WorldInflation fears are back in the spotlight as the Middle East conflict keeps oil prices elevated, analysts say

Commodities

Middle East tensions revive inflation worries as oil stays elevated

More like this

Sources

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