The Iran war may impact U.S. consumers far beyond the gas pump, raising inflation expectations and causing an uptick in the yield on the 10-year Treasury note.

The conflict is driving up energy prices; threatening food shortages in poor countries; and complicating options for the inflation fighters at central banks.

The Iran war may impact U.S. consumers far beyond the gas pump, raising inflation expectations and causing an uptick in the yield on the 10-year Treasury note.