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The U.S. attack on Iran won’t boost U.S. inflation or harm the economy in a major way, analysts say, unless in the unlikely case that the conflict drags on for months and sharply raises the price of oil.
The price of oil spiked over the weekend after President Trump launched Operation Epic Fury, and U.S. stocks initially fell sharply in Monday morning trading. Yet oil prices CL00 BRN00 partly subsided and stocks DJIA SPX COMP mostly recovered later in the day.
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