Economic Pressures Mount as Middle East Conflict Escalates The tension in the Middle East is adding fresh pressure to the already strained U.S. economy. Surging oil prices, increased borrowing costs, and stubborn inflation are affecting everyday expenses. Economists warn that immediate relief from the Federal Reserve may not be forthcoming. Inflationary Forces Across the EconomyEscalating Conflict in Iran Intensifies U.S. Cost-of-Living Challenges