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Worst of US Inflation May Be Over If Iran Peace Deal Sticks

Worst of US Inflation May Be Over If Iran Peace Deal Sticks
Bloomberg Markets Monday 15 June 2026, 20:22 UTC By Mark Niquette, Maya Prakash 1 min read
Key Points

Worst of US Inflation May Be Over If Iran Peace Deal Sticks The peace agreement between the US and Iran, if it holds, suggests the worst of the war-driven inflation has likely passed, but the outlook for American consumers and the broader economy remains far from certain. Economists warned it will likely take time for normal shipping through the Strait of Hormuz to resume and for gas prices to return to where they were before the US and Israel attacked Iran nearly four months ago. Still,...

Worst of US Inflation May Be Over If Iran Peace Deal Sticks The peace agreement between the US and Iran, if it holds, suggests the worst of the war-driven inflation has likely passed, but the outlook for American consumers and the broader economy remains far from certain. Economists warned it will likely take time for normal shipping through the Strait of Hormuz to resume and for gas prices to return to where they were before the US and Israel attacked Iran nearly four months ago. Still, inflation — which accelerated in May to the fastest pace in more than three years — has likely peaked, they say. [Image text:] 4.19 4.298 8655 CITGO
Iran (LOCATION) US (LOCATION) American (ORG) the Strait of Hormuz (LOCATION) Israel (LOCATION)
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