Brace for $4 gas again: How U.S.-Iran tensions are threatening to end the price break at the pump

Gasoline relief over recent weeks helped slow inflation, but the benefit may fade as the U.S. and Iran continue to contest control of the Strait of Hormuz, a key chokepoint for oil flows. The geopolitical risk raises the probability of renewed energy-price pressure, likely undermining near-term disinflation.

Analysis

Gasoline relief over recent weeks helped slow inflation, but the benefit may fade as the U.S. and Iran continue to contest control of the Strait of Hormuz, a key chokepoint for oil flows. The geopolitical risk raises the probability of renewed energy-price pressure, likely undermining near-term disinflation.