Stagflation risks stacking up as Iran war enters third month - Reuters

<a href="https://news.google.com/rss/articles/CBMijwFBVV95cUxON1lOYzI4T3NwMDdseXRuclFtYzBJQTJpTzdVUV9ZV09qVEZGZVhLaVVzV0ZYREZma2NNNV83bUIzYXI1d29SWUQyYUhZLTNpaTNCdWZaRjdVaW1YT3BuYXFnb1dnMlY0VWZiWFJXVmV6bmNBVHJHbkV0ZlNDZ1lidWFSUklTdnVMZFlrUUVpOA?oc=5" target="_blank">Stagflation risks stacking up as Iran war enters third month</a>&nbsp;&nbsp;<font color="#6f6f6f">Reuters</font>

Financial markets are grappling with the economic fallout of the Iran war, as the prolonged closure of the Strait of Hormuz exacerbates global energy supply disruptions, leading to stagflation concerns.

The World Bank forecasts a 24% surge in energy prices this year due to the Iran war and the blockade of the Strait of Hormuz, marking the most significant energy price spike since 2022.

The Iran war has led to a significant increase in gasoline prices in the U.S., reaching levels not seen since 2023, as global oil supply chains are disrupted.

Oil prices have surged to their highest levels since 2023 due to the Iran war, while a weak U.S. jobs report has contributed to a decline in stock markets.