Economist and co-founder of Echelon Wealth Partners, Peter Schiff said that President Donald Trump cannot afford for the Iran war to end if inflation remains elevated, claiming the conflict provides a convenient explanation for rising prices ahead of the midterm elections.
Calling the conflict a "perfect scapegoat," Schiff argued that Trump can blame rising prices on the war while maintaining hopes that inflation will ease once the conflict ends.
Why The Iran Conflict Matters For Inflation The conflict, which began in February, intensified on Monday when Iran launched missiles at Israel in retaliation for Israeli strikes near Beirut, its first direct attack since the April 8 ceasefire, reigniting fears of broader regional escalation.
The latest escalation comes as diplomatic efforts to restore a ceasefire and reduce tensions remain underway, with negotiators seeking to prevent a wider regional conflict.
Speaking to Axios, Trump said he would urge Israeli Prime Minister Benjamin Netanyahu against launching another round of strikes, arguing that both sides have already exchanged attacks and that diplomacy should now take precedence.
