PremiumAlan RappeportNew York Times·11 Jun, 2026 11:58 PM3 mins to readAn explosion after US-Israeli airstrikes hit oil storage depots in Tehran. The war has tangled supply chains and caused oil, gas and fertiliser prices to gyrate for months. Photo / Arash Khamooshi/Polaris for The New York TimesThe world economy is weakening as energy prices fuel a new bout of inflation.
The war in the Middle East is slowing global economic growth this year to its weakest pace since the Covid-19 pandemic, according to a World Bank report published Thursday that revealed the fallout of soaring energy
