Stagflation risks stacking up as Iran war enters third month

The continued closure of the Strait of Hormuz is prolonging the world's biggest-ever disruption to energy supplies, raising the economic cost of the Iran war. The article points to broad pressure on markets through higher energy prices, supply chain strain, and renewed inflation risks. This is a market-wide geopolitical shock with likely risk-off implications across assets.

Analysis

The continued closure of the Strait of Hormuz is prolonging the world's biggest-ever disruption to energy supplies, raising the economic cost of the Iran war. The article points to broad pressure on markets through higher energy prices, supply chain strain, and renewed inflation risks. This is a market-wide geopolitical shock with likely risk-off implications across assets.