RECESSION RISKS RISE AS WAR HITS U.S. ECONOMY Wall Street is raising recession risks as the Iran war pushes up oil prices and weakens the outlook. Goldman Sachs now sees a 30% recession risk, with inflation near 3% and unemployment rising to 4.6% by 2026. Higher fuel costs—gas up over 30% to ~$4—are squeezing consumers and offsetting tax-cut stimulus. Firms like Morgan Stanley have cut growth forecasts as spending slows, while economists warn the damage could linger even if the conflict ends soon. The U.S. economy is still expected to grow around 2%, supported by AI and data center investment, but rising energy, food, and transport costs threaten to drag on hiring and consumer demand.(*Walter Bloomberg)