Iran Oil Shock: Fed Slams Brakes on Rate Cuts

The Debate

The Iran war has choked oil supplies through the Strait of Hormuz, jacking up crude prices by over 30% and slamming global economies with fresh inflation headaches. Now, top Federal Reserve officials are pumping the brakes on expected rate cuts, warning that this supply shock could undo hard-won progress against price pressures. The big question: Does the Fed hit pause to fight potential inflation resurgence, or power through because the economy's humming and shocks like this fade...