Surging global oil prices driven by the Iran war are poised to end China’s record producer price deflation earlier than expected, though the economic benefit remains uncertain. Before Donald Trump’s recent actions, economists forecasted China’s producer prices would continue their three-and-a-half-year negative streak through 2026. With energy costs climbing sharply, Wall Street banks including Citigroup Inc. and Goldman Sachs Group Inc. now project factory prices could rebound as soon as this m

Surging global oil prices driven by the Iran war are poised to end China’s record producer price deflation earlier than expected, though the economic benefit remains uncertain. Before Donald Trump’s recent actions, economists forecasted China’s producer prices would continue their three-and-a-half-year negative streak through 2026. With energy costs climbing sharply, Wall Street banks including Citigroup Inc. and Goldman Sachs Group Inc. now project factory prices could rebound as soon as this month, while consumer prices are already rising.