Paris, France, March 2, 2026 (AFP) - Mideast war risks sending global economy into stagflation

NAMPA / AFP

2026-03-02

An extended conflict in the Middle East after the US and Israel launched strikes on Iran could trigger global stagflation -- a troublesome blend of high inflation and anaemic growth -- due to spiking oil and gas prices, economists warned. - Will there be an oil shock ? - The conflict has nearly halted traffic through the Strait of Hormuz, through which around 20 percent of global seaborne oil passes, with several ships attacked. Global oil pric......

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