Federal Reserve Bank of Minneapolis President Neel Kashkari said Sunday that the longer the Iran war goes on, the greater the risks of higher inflation and economic damage, all of which limit how much guidance the central bank should provide on rate policy right now. In an appearance on CBS’s “Face the Nation” television program, Kashkari said he was “very focused” on the Iran war and its impact on inflation and economic demand amid the ongoing closure of the Strait of Hormuz, a chokepoint for 20% of global oil and gas supplies. The war, which began when President Trump and Israel launched airstrikes on Iran on Feb., has led to a massive surge in energy prices around the globe and worsened a bad inflation environment in the US. Minneapolis Fed President Neel Kashkari said the central bank may have to raise rates because of the war in Iran.…