US Service Sector Weakens Amid Inflationary Pressures; Iran Sanctions Blamed

According to the International Desk of Webangah News Agency, Reuters reported that service sector activity in the United States decreased in September. This occurred as increased domestic demand placed pressure on service supply chains, driving up the price index paid by manufacturing businesses to its highest level in over four years. This development suggests that inflation may persist at elevated levels through 2027.

Results from a survey by the U.S. Institute for Supply Management, released yesterday, indicate that a majority of citizens are dissatisfied with rising fuel prices. The actions by the United States and the Zionist regime against Iran have led to a significant surge in energy and fuel prices, along with related products, due to disruptions in the Strait of Hormuz.

The report stated that diesel prices have reached their highest point, placing considerable pressure on farmers and truck drivers. Meanwhile, economic experts are cautioning that these increased costs could soon spread to other sectors, broadening inflationary pressures.