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Global Business News

The Economic Times

Global Business / The Economic Times

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US services sector cools in September, price pressures building

The US-Israeli war with Iran has raised prices of energy and related products and led to shortages of commodities shipped through the Strait of Hormuz. Diesel prices are at record highs, hitting farmers and truckers. Economists warned that higher prices could soon spill over to other sectors and broaden inflation pressures.

5 Oct 2026 10:41 pm