Renewed tensions in the Middle East have created fresh worries about the global economy, especially the outlook for inflation. Rising geopolitical risks can affect energy supplies, increase oil prices and make it difficult for central banks to control inflation.
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Oil Holds Near Six-Month High as Trump Sets Iran Deal Deadline
Iran Deal News: President Donald Trump warned Iran on Thursday that it must make a deal over its nuclear program or “really bad things” will happen, and appeared to set a deadline of no more than 10 to 15 days before the US might take action.