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Markets2h 30m ago

The war in the Middle East has rattled oil markets, disrupted energy supplies, and fueled global inflationary pressures.

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Middle East, G7 summit

Who
Trump, European leaders, Matthew Bartlett, Emmanuel Macron, Mohammed bin Salman, Tamim bin Hamad Al Thani, Abdel Fattah El-Sisi, Philip Luck, Caitlin Welsh
What
The war in the Middle East has rattled oil markets, disrupted energy supplies, and fueled global inflationary pressures.
When
Sat, 13 Jun 2026 14:00:00 GMT · 2h 30m ago
Where
Middle East, G7 summit ·
Why
The president’s decision to strike Iran and his back-and-forth over whether attacks will ramp up has led to a more hostile crowd at this year’s G7 summit.
The Frontline Impact

How this affects you

The conflict is driving global inflation, with significant rises in prices in the US and Europe, and is expected to slow global economic growth to its slowest pace since 2020, potentially causing a global food crisis due to high fertilizer prices.

Story chain

6 events in this thread
  1. Currently Reading2h 30m ago
    The war in the Middle East has rattled oil markets, disrupted energy supplies, and fueled global inflationary pressures.
  2. Markets2h 30m ago
    The war in the Middle East rattled oil markets, disrupted energy supplies and fueled global inflationary pressures.
    Open article
  3. Markets6h 35m ago
    ICICI Bank Global Markets predicts inflation will reach 5.0 percent in FY27 with core inflation at 4.6 percent, based on a June 12, 2026 report.
    Open article
  4. Markets6h 35m ago
    ICICI Bank Global Markets noted in its June 12, 2026 report that inflation moved to a 16-month high, with CPI rising to 3.94 percent year-over-year in May from 3.48 percent in April.
    Open article
  5. Markets7h 17m ago
    ICICI Bank Global Markets forecasts inflation to rise to 5.0 percent in FY27 with core at 4.6 percent, driven by the West Asia conflict and a below-normal monsoon.
    Open article
  6. Markets7h 17m ago
    Inflation is headed higher to 5.0 per cent in FY27 with core at 4.6 per cent, ICICI Bank Global Markets said, as West Asia conflict and a below-normal monsoon keep upside risks alive.
    Open article

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