The economic consequences of war with Iran
There are lasting lessons about energy resilience to be learnt from this conflict
There are lasting lessons about energy resilience to be learnt from this conflict

Tehran has a strong incentive to keep the conflict going

Top Iranian war leader accuses US of using diplomatic efforts as cover for ground operations

Bank sees risks of surge in government borrowing costs and of hit to ‘rich’ asset prices

Wave of inflation will persist as higher fuel prices feed through into businesses

Sometimes crises do not blow over as investors might hope

The war is currently more likely to escalate than to be resolved by negotiation