US Retail Sales Rise 0.6 Percent in February as Iran War Fuel Prices Threaten Consumer Spending

US retail sales increased 0.6 percent in February after the Commerce Department reported significant growth in clothing and automotive sectors.This economic rebound occurs as gasoline prices exceed 4 dollars per gallon following the outbreak of the armed conflict with Iran.Donald Trump is preparing a national address while the closure of the Strait of Hormuz reduces the monthly household disposable income.Experts warn that rising energy costs could soon stifle consumer spending at major retailers such as Hennes & Mauritz.
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