Iran War Inflation 2026: How the Conflict Is Driving Prices Higher
The Iran-Hormuz crisis is fueling inflation across every consumer category. Energy costs up 22%, food up 5-8%, transportation up 15%. Core CPI rising from 3.1% to a projected 4.5-7% if the conflict persists beyond 90 days. Historical comparison: the 1973 oil embargo pushed inflation to 12.3%.