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Yellen Warns Middle East Conflict Could Spike Inflation

4/15/2026

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Story summary
  • Janet Yellen, former U.S. Treasury Secretary, told the HSBC Global Investment Summit in Hong Kong on April 15, 2026 that the Middle East conflict is causing supply shocks that could push inflation higher.
  • She noted the disruptions are already evident in recent financial data and are intensifying uncertainty.
  • Geopolitical tensions affect energy and shipping and raise costs.
  • Her remarks reflect concerns about global supply chains amid regional conflicts.