US Services Sector Slows as Energy Prices Surge Amid Iran Conflict
The US-Israeli conflict with Iran has caused energy prices to soar, especially diesel, which has reached record highs. This surge is impacting farmers and truckers due to shortages of commodities shipped through the Strait of Hormuz. Economists warn that rising energy costs may soon spread inflationary pressures to other sectors, slowing the US services sector.
Economic Times·




