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Economics3h 33m ago

The World Bank has warned that the US and Israel’s war on Iran could slow global economic growth to its weakest level since the Covid-19 pandemic.

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Middle East

Who
The World Bank
What
The World Bank has warned that the US and Israel’s war on Iran could slow global economic growth to its weakest level since the Covid-19 pandemic.
When
Fri, 12 Jun 2026 03:50:18 GMT · 3h 33m ago
Where
Middle East ·
Why
Rising tensions in the Middle East, particularly disruptions linked to the Strait of Hormuz, are already pushing up oil, gas and fertiliser prices.
The Frontline Impact

How this affects you

A further escalation of hostilities or prolonged disruptions could lead to higher commodity prices, intensified inflationary pressures, food insecurity, financial stress, and lower global economic growth. Economic growth in developing countries is also expected to weaken, with per capita income in many not recovering to pre-pandemic levels until after 2028.

Story chain

4 events in this thread
  1. Economics1h 11m ago
    The UK economy declined by 0.1 per cent in April, according to the Office for National Statistics.
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  2. Economics2h 21m ago
    The European Central Bank will keep all options open for its July policy meeting and will be ready to act again if necessary to stop an Iran-war-induced energy price surge from spreading, said Bundesbank President Joachim Nagel.
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  3. Economics2h 59m ago
    Stock markets rallied on Friday, with the Sensex surging over 800 points and the Nifty gaining more than 1%, due to easing tensions between the US and Iran, which led to a sharp fall in crude oil prices.
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  4. Currently Reading3h 33m ago
    The World Bank has warned that the US and Israel’s war on Iran could slow global economic growth to its weakest level since the Covid-19 pandemic.

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