Economics
Oil Price Jitters Unlikely to Spur Uptick in Global Inflation
- Higher oil prices hurt consumer and corporate confidence
- That impact will depress any near-term inflation outbreak
Flow control wheels sit on pipes at the Arya Sasol Polymer Co. petrochemical complex in Asaluyeh, Iran.
Photographer: Ali Mohammadi/BloombergThis article is for subscribers only.
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An oil price spike from tensions between the U.S. and Iran is unlikely to lessen the vice-like grip that lowflation has on the world economy.