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Oil price surge revives inflation worries after Iran talks fail
MarketWatch cited S&P surveys showing rising inflation and supply woes as energy prices jumped after the Iran peace talks broke down.
MarketWatch reports that the U.S. economy, which had been showing signs of accelerating, faced a new headwind after Iran peace talks failed and oil prices surged.
The outlet said survey data from S&P indicates inflation pressures are building again, alongside supply woes that can feed into higher prices.
The combination of energy price volatility and worsening supply conditions is expected to keep inflation a key focus for markets and policymakers, according to MarketWatch.