WHO warns of nuclear incident risk in US-Israeli Iran conflict

Financial outlets frame the Iran war as a new global economic shock that revives pressures last seen during the pandemic. They report that Jay Powell and other central bankers expect higher inflation from disrupted energy and commodity supplies, while the conflict threatens niche resources like helium and squeezes US farmers through higher input costs. Commentators say Europe looks like a bystander in security terms but will still pay a price through energy markets and supply chains.

• •The Iran war is pushing up inflation expectations by disrupting oil, gas, and shipping routes.
• •The conflict threatens global helium supply, affecting industries such as medical imaging and high-tech manufacturing.
• •US farmers are facing higher fuel and fertilizer costs because of the war’s impact on energy and commodity prices.
• •Central banks are rethinking interest rate plans as bond yields climb and markets price in a longer conflict.
• •Europe’s limited military role contrasts with its heavy exposure to higher energy prices and possible gas shortages.