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CBO: Iran conflict keeps inflation elevated into

Filed: Sep 16, 2026 at 6:00 AM ET
Summary: A new Congressional Budget Office report says the conflict with Iran is continuing to push up gas prices, and that pressure is not expected to ease until 2027. The analysis links higher fuel costs to broader inflation impacts.
WHO: Congressional Budget Office (CBO)
WHAT: CBO report details how the conflict with Iran is increasing inflation via sustained gas-price pressure.
WHEN: Sep 16, 2027
WHERE: FL
WHY: The CBO says the conflict with Iran is sustaining higher gas prices, and that effect is not expected to ease until 2027.

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