Energy prices surge as Middle East conflict disrupts oil flows, threatening to reignite inflation across rich economies despite central banks' recent success.
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Governments are living far beyond their means. Sadly, inflation is the most likely escape
As stocks dwindle, further price rises are inevitable
A hypothetical third Gulf war closes the Strait of Hormuz, stranding a fifth of global oil and gas output and driving energy…
Government borrowing costs fluctuate globally as bond markets weigh inflationary pressures from Middle East energy disruptions…
Residual risks and ruined infrastructure will keep prices high
Scenarios now range from bad to awful
