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CBS News

Energy cost spike from Iran war sends inflation soaring to highest level in nearly 3 years

By Home - CBSNews.com
May 12, 2026 1 Min Read
Comments Off on Energy cost spike from Iran war sends inflation soaring to highest level in nearly 3 years
Inflation is now at its highest level in nearly three years, in large part due to skyrocketing energy costs from the Iran war. Arjun Murti, partner at the energy sector firm Veriten and author of the energy-focused Substack newsletter "Super-Spiked," joins with analysis.
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