IRAN CONFLICT MAY DELAY FED RATE CUTS Janet Yellen says the Iran conflict is likely to slow U.S. growth and push inflation higher, making the Federal Reserve more cautious on cutting rates. Rising oil prices—especially if disruption in the Strait of Hormuz persists—could keep inflation elevated and reinforce the Fed’s wait-and-see stance. Yellen warned the central bank is focused on maintaining credibility in bringing inflation back to its 2% target. Despite risks, she said the broader U.S. economy remains relatively strong.(*Walter Bloomberg)