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11:24Now PlayingMax from UNFTR reports on the impact on oil prices on the heels of Israel's invasion of Iran. The invasion caused the biggest single-day spike in oil prices in years, with fear spreading of a larger regional conflict. This turn presents a nightmare for the Trump administration as it tries to convince Americans that inflation is under control. Oil prices were the only thing suppressing inflation data in the latest CPI reports so this is a potential disaster for the Trump administration as it tries to hold down inflation from the self-inflicted tariff war.
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