US–Israel–Iran war heightens global recession and inflation risks through energy and shipping shocks, says GlobalData

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The escalating US-Israel-Iran war is causing the most severe disruption to global energy markets since the 1970s, with the effective closure of the Strait of Hormuz pushing oil prices briefly above $110 per barrel. The shocks are spreading across shipping, aviation, and trade, raising significant global recession and inflation risks according to GlobalData.

🌐 Location: Strait of Hormuz / Iran / Middle East — Sources: 1 — First seen: — Last seen:
US-Iran war Strait of Hormuz oil prices global recession energy shock

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