ASHGABAT, Turkmenistan: At a market in Turkmenistan’s capital Ashgabat, pensioner Shemshat Kurbanova always used to pick the “juiciest” Iranian fruit — but 10 days of war across the border have sent prices soaring and she is now worried how to get by. The Middle East war has tumbled global markets, with the effects being felt almost immediately in some of Tehran’s closest neighbors. Iran last week banned all goods and agricultural exports, triggering economic pressure on secretive Turkmenistan and the wider Central Asian region, where Tehran had a growing economic footprint in recent years.

The conflict is driving up energy prices; threatening food shortages in poor countries; and complicating options for the inflation fighters at central banks.

ASHGABAT, Turkmenistan: At a market in Turkmenistan’s capital Ashgabat, pensioner Shemshat Kurbanova always used to pick the “juiciest” Iranian fruit — but 10 days of war across…