The duration of the war with Iran will impact how much oil and gas prices lift inflation and weigh on GDP growth in the US and other countries who rely on oil and natural gas to power their economies. The flow of oil and gas can be disrupted by Iranian missile and drone attacks that destroy production facilities, but also by the voluntary shut down of production to lower the risk of more devastating damage from an attack. Secondarily, with the Strait of Hormuz effectively closed, storage capacity is becoming strained which is forcing some producers to already lower production since they...
