Economists expect US gas prices to rise following attacks on Iran and Tehran's retaliation

Economists expect US gas prices to rise following attacks on Iran and Tehran's retaliation

US-Israeli strikes in Iran, and Tehran's retaliation, are set to trigger a surge in US gas prices with a potential knock-on inflationary hit that could pile pressure on President Donald Trump domestically as midterm elections approach.

Economists warn that costs at the gas pump -- a politically sensitive issue -- could jump in just days, while inflation risks would make the Federal Reserve more cautious of cutting interest rates.

Originally published on doc.afp.com, part of the BLOX Digital Content Exchange.

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