1147 ET - The situation in Iran is precarious and could escalate following the collapse of Trump's ceasefire, meaning prices for consumer goods could remain elevated for longer than expected JPMorgan analysts Richard Shane and Hong Zhang say in a research note. Any price change could lag the decline in underlying oil prices. And the resumption of fighting reintroduces a risk of energy price spikes that would squeeze lower- and middle-income consumers most acutely, the analysts say. They believe the full impact of these geopolitical shocks on the real economy has yet to be realized. Two forces compounding the geopolitical risk is a cooling labor market and an upward shifting rate outlook, the analysts say. (dean.seal@wsj.com)
(END) Dow Jones Newswires
July 13, 2026 11:47 ET (15:47 GMT)
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