War With Iran Predicted To Fuel Inflation Spike In U.S.The war in Iran is set to make the cost-of-living more expensive for Americans, an influential analyst has warned, with U.S. inflation expected to surge to 4.2% this year.The Organization for Economic Cooperation and Development said Thursday it feared that "high uncertainty" over the conflict in the Middle East would knock the global economy of course. In particular, the stalemate through the Strait of Hormuz, the channel vital for shipping oil from the region to the rest of the world, has caused energy prices to soar.At 4.2%, headline inflation in the U.S would be up 1.2 percentage points from the OECD's previous projection.See All UpdatesClose