deadly conflict in the Middle East threatens to upend the Federal Reserve’s fight against inflation just as the central bank was making solid progress in curbing price spikes. Th
violence in the region has prompted senior U.S. lawmakers to raise the threat of oil sanctions on Iran amid questions about its role in attacks by Palestinian militant group Hamas. Oil prices had already been rising because of production cuts from Saudi Arabia, and the U.S. and its allies have worked for over a year to contain the fallout for energy markets from Russia’s war in Ukraine. Th
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