Middle East Eye
centerLIVE UPDATEEconomy will be slower this quarter because of Iran war, US Treasury chief says
NEWS SUMMARY
US Treasury Secretary Scott Bessent stated on Wednesday that the ongoing war in Iran will slow the economy this quarter, though he anticipates a rebound. He also indicated that oil prices are not currently impacting inflation expectations and that the Treasury will monitor retail gas sales.
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CONFLICT OVERVIEW
Iran
Internal political tensions, regional proxy conflicts, and international standoffs regarding Iran's nuclear program and geopolitical influence.
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