UK warns of prolonged 'Trumpian inflation'

UK Chief Secretary to the Treasury Darren Jones has warned that the economic fallout from the war with Iran will cause inflation to persist for months or even more than a year. He specifically cited ongoing price rises in energy, food, and transportation. Jones labeled the situation a 'Trumpian inflation disaster,' indicating that even an immediate reopening of the Strait of Hormuz would not provide quick relief. The statement highlights the long-term global economic impact expected from the ongoing conflict.