Democrats are already pointing to prices at the pump in hitting the administration for its decision to strike Iran, while Republicans say they hope the spike will be short-lived. Source: nbcnews.com

“The AI boom is likely to be inflationary for a number of years before any meaningful disinflationary benefits are realized,” MRB Partners says. Source: businessinsider.com

The fallout from conflict in the Gulf will be much bigger than just oil. Source: foreignpolicy.com

From flight cancellations to sudden plan changes, here’s how the psychology of younger generations is reshaping the travel industry. Source: fortune.com

Bank of Japan Governor Kazuo Ueda warned that the Middle East conflict could have a major impact on the nation’s economy, in comments likely to firm up investor expectations that authorities will hold policy steady when they meet later this month. Source: bloomberg.com

Shumita Deveshwar, TS Lombard’s Chief India Economist, says that the Iran War’s impact on India’s economy will be dependent on the duration of the conflict. She adds that beyond elevated prices, the conflict in the Middle East will impact India’s logistics costs and remittances to the country. Source: cnbc.com