"Although energy price shocks are first felt at the pump by consumers, there's a multi-quarter lag before businesses are affected. Even if the Iran war ended right now,... the largest energy supply disruption in modern history would drive up transportation and/or production costs for businesses. This #inflationary impact is structural and can be a lot harder for the Federal Reserve to tackle."
The Motley Fool https://www.yahoo.com/finance/markets/stocks/articles/prediction-fate-trump-bull-market-105600170.html
