AXIOS (Neil Irwin) - The Iran war is a new test of America's economic superpower
If you predicted the U.S. would fall into recession due to the latest headlines , the last few years have made you look dumb. Through interest rate increases, armed conflict in Europe and a trade war, it has proven stunningly resilient. The big picture: America's economic superpower has been its scale, diversity and adaptability that have allowed it to continue chugging along whenever crises arise. - Now, the Iran war will test again how much the U.S. economy can absorb without a meaningful downturn. State of play: With Iran threatening attacks on ships that pass through the Strait of Hormuz , the price of oil is up 43% this month, at over $103 a barrel at Friday's close. - Middle East exports of other key commodities, including the raw…