The coming week in Iran will reveal whether we are heading towards stagflation or a worldwide economic downturn

Is Your Portfolio Prepared for Rising Tensions in Iran?

With gasoline prices soaring past $4 per gallon, the U.S. government often feels compelled to adjust its strategies. Iran, meanwhile, may seek to extend both economic and political turmoil in hopes of pressuring President Trump to reconsider his stance, though it aims to avoid devastating military retaliation.

The era of steady economic growth in America appears to be ending. The coming week in the Iran crisis will be crucial, potentially ushering in a period of stagflation or even a worldwide economic downturn. Since the U.S. and China reached a temporary trade agreement in Geneva last May, the American jobless rate has held at 4.4%, and inflation has eased to 2.4%—still above the Federal Reserve's target.