The Wall Street Journal

U.S. Attack on Iran Injects Uncertainty Into Already Uncertain Economy

On-and-off trade battles, hot wars and deportations mean there is ‘too much risk on the table right now’

Gasoline prices could be affected depending how the oil market reacts.
Gasoline prices could be affected depending how the oil market reacts. Photo: Joe Raedle/Getty Images

The U.S. bombing of Iran and direct involvement in Israel’s conflict has added a fresh dose of uncertainty to a U.S. economic picture that was already looking pretty muddled.

Recent gyrations in policy and global events have left economists and consumers in a state of confusion. On Monday night, just hours after Iran’s retaliatory strike on a U.S. base and while talk of regime change was still in the air, President Trump announced a cease-fire deal between Iran and Israel.

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