The US economy has been remarkably resilient for years, withstanding historic pandemic-era inflation, $5-a-gallon gasoline, a dramatic hiring slowdown and the Federal Reserve’s war on inflation.
Now, the economy faces a new test: an actual war.
The war with Iran has sparked an epic oil supply disruption — the biggest in history — and price spike, driving up the cost of everything from gasoline and diesel to jet fuel.
Economists warn that the war has increased the risk of a recession. And the longer the crisis lasts, the greater the danger to an economy that already looked vulnerable before the chaos in the