MAEXO
geopoliticsbullishWTIPublished Jul 12, 2026, 2:00 PM

Iran Conflict and Tariffs Drive Oil and Inflation Higher

Iran Conflict and Tariffs Drive Oil and Inflation Higher
Renewed US-Iran fighting lifted crude oil prices to their biggest weekly rise in eight weeks, worsening US gasoline prices, while a Fed report cited stepped-up inflation from the war and tariffs. Defense and energy sectors benefited amid safe-haven demand.

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