Federal Reserve Bank of Minneapolis President Neel Kashkari says the longer the US-Israeli war with Iran goes on, the greater the risks of higher inflation and economic damage, Reuters reports.

I’m very focused on the Iran war and its impacts and when it comes to the Strait of Hormuz closure, the longer it’s closed, the more it will lead to higher energy and fertiliser prices, Kashkari said in an interview with CBS.

Opinion

Editorial

Reflection time
Updated 25 Jun, 2026

Reflection time

Israel is the biggest source of instability in the Middle East, and it is high time the US ended its blind support to Tel Aviv, if it genuinely wants peace in the region.
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Raised temperatures

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Debatable remedy
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