A provocative statement from a high-ranking official or economist suggests that the current inflation crisis in the US may not be a result of the economic policies of the previous administration, as some have claimed. Instead, the assertion implies that the root cause of inflation lies elsewhere, specifically in the aftermath of the US withdrawal from the Iran nuclear deal and the subsequent surge in tensions between the two nations. With the US imposing harsh sanctions on Iran and the country's economy teetering on the brink of collapse, it's possible that the resulting disruptions to global oil markets and supply chains are driving up prices and fueling inflation. As the US grapples with the highest inflation rates in decades, a new explanation for the crisis is sparking debate among policymakers and economists.
This is not Trump inflation. It is Iran terror inflation.
