Global inflation worries stir on energy price flare-up, but still relatively subdued

News Snapshot:

BENGALURU, April 28 (Reuters) – Inflation in most countries will be markedly higher this year than predicted three months ago amid a stalemate in the energy crisis brought about by the U.S.-Israeli war with Iran, according to a Reuters poll of around 500 economists, who barely altered their positive global growth view. With Iran’s chokehold on one-fifth of global oil supply through its closure of the Strait of Hormuz, the prospects of lower prices are fading, forcing economists and global central banks to contemplate an extended period of higher inflation. But with a few notable exceptions like Turkey and Argentina…

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