Middle East tensions are back, and the first big risk is inflation. Conflict will disrupts supplies through the Strait of Hormuz, where ~20% of global oil flows.
Energy shock = inflation shock.
"Khamenei, one of the most evil people in History, is dead. This is not only Justice for the people of Iran, but for all Great Americans, and those people from many Countries throughout the World, that have been killed or mutilated by Khamenei..." - President Donald J. Trump