#IsraelIranConflict

How an Israel-Iran War Could Impact the Crypto Market | US Crypto News



Crypto News of the Day: Iran Attack Could Drive US Inflation to 5%

In the previous US Crypto News publication, BeInCrypto reported that the US CPI (Consumer Price Index) report showed inflation cooling slightly to 2.4% in May. The reading undercut market expectations of 2.5%, and came alongside positive developments in the US-China trade talks.

Now, however, JPMorgan sees US CPI inflation going as high as 5% if Israel proceeds to attack Iran. This projection comes amid the expected impact on oil prices.