The recent US strikes on Iran’s primary nuclear facilities have occurred during a period of significant vulnerability for the global economy. With the World Bank, the Organization for Economic Cooperation and Development, and the International Monetary Fund all revising their global growth forecasts downward in recent months, the stakes are high. A major concern is the potential for Iran’s retaliation, which could lead to heightened tensions. Such an escalation might result in increased oil and natural gas prices or disruptions in global trade, further straining the already fragile economic environment.\n— new from Bloomberg
