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CK
Chris Kennedy
Bloomberg Economics (economic statecraft lead)
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With nine straight days of US strikes on Iran, diesel above $5.10/gal and gasoline breaching $4, Kennedy relays Bloomberg Economics' updated view; earlier he warned oil-market 'buffers' (US SPR, China's buying pause) are 'wearing thin.'
“this most recent flare-up has lasted long enough that we do see higher inflation, most likely by the end of the year. And if things devolve, we could actually breach 5 percent.”
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