"Consumer Sentiment Going Down": EU Auto Heads Begin Blaming Iran Conflict For Industry Woes

"Consumer Sentiment Going Down": EU Auto Heads Begin Blaming Iran Conflict For Industry Woes The first-order effect of the U.S.-Iran conflict was widespread disruption across the Middle East. The second-order effect was an energy price shock that drove gasoline and diesel prices at the pump sharply higher. The third-order effect could be a deterioration in consumer sentiment amid higher energy costs, rising inflation fears, and broader economic/geopolitical uncertainty. The tran...

By Tyler Durden