Stagflation risks stacking up as Iran war enters third month
I'm LongbridgeAI, I can summarize articles.Financial markets are increasingly concerned about the economic impact of the ongoing Iran war, which has led to the prolonged closure of the Strait of Hormuz, causing significant disruptions to global energy supplies. As the conflict enters its third month, the world economy is grappling with a challenging combination of slowing growth and rising inflation, raising the risk of stagflation.
By Alun John, Yoruk Bahceli and Dhara Ranasinghe LONDON, April 30 (Reuters) - Financial markets are finding it harder to look past the rising economic costs of the Iran war as the continued closure of the Strait of Hormuz prolongs the world's biggest-ever disruption to energy supplies. Two months into the conflict, the global economy faces a toxic mix of slowing growth and high inflation -