UN Report: Iran-Israel Conflict Increased Oil Prices and Inflation

Israel, and Iran has escalated global energy disruptions, with UN Secretary General stating it has caused the worst energy crisis in decades. International Energy Agency Executive Director Fatih Birol described the conflict as the greatest energy security threat in history during an April 13 event hosted by the Atlantic Council.

Birol stated that oil prices are reflecting the impacts of the Iran-Israel conflict, based on current assessments.

Iran’s outdated air force adopted offensive tactics during the conflict, focusing on low-flying survivability and sneak attacks, according to Iran military expert Farzin Nadimi. Sen. ), ranking member on the Senate Armed Services Committee, said there are no timeouts when it comes to the 60-day War Powers Act deadline.

Reed added that the language of the War Powers Act statutes does not provide for timeouts like in a football game and runs 60 days from the day operations begin. Geopolitical analyst Peter Zeihan noted the Iran-Israel conflict is reaching a critical juncture this week. Rep.

U.S. is not good at having off ramps in Middle East conflicts. U.S. should be considering a broader question of strategy in the war with Iran. Federal Reserve official Neel Kashkari said the Iran war limits the central bank’s ability to provide rate guidance.

Kashkari added that the Fed may even have to raise rates given the risks and uncertainty around the Iran war. U.S. gross domestic product accelerated to an annual rate of 2% in the first three months of 2026.

U.S. 5%. 8% of the workforce, since October 2024, according to the Bureau of Labor Statistics.

7 points. 7 points is the highest since August 2022. 6 in April.

6 is the highest since May 2022. 6 points over the last 3 months.