---
title: "Hot inflation and Iran standoff rattle markets, lift oil"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/286274202.md"
description: "Oil prices surged due to the Iran conflict disrupting Persian Gulf shipments, leading to increased global energy costs. The April CPI rose 3.8% year-over-year, with energy contributing over 40% to the monthly increase. Consequently, market expectations have shifted, with no anticipated rate cuts in 2026 and a possibility of rate hikes if inflation persists."
datetime: "2026-05-13T13:53:18.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/286274202.md)
  - [en](https://longbridge.com/en/news/286274202.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/286274202.md)
---

# Hot inflation and Iran standoff rattle markets, lift oil

Oil prices surge: Crude prices rose sharply as the Iran conflict disrupted Persian Gulf shipments, raising global energy costs. Inflation accelerates: April CPI rose 3.8% year-over-year, with energy accounting for over 40% of the monthly increase. Fed outlook shifts: Markets no longer expect rate cuts in 2026, and some see a chance of hikes if inflationary pressures persist.

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