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Oil Shock Triggers Global Growth Fears Amid Middle East Tensions

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Source: The Guardian
Oil Shock Triggers Global Growth Fears Amid Middle East Tensions
Photo: The Guardian
TL;DR

Oil prices surged past $115 a barrel as the US-Israel conflict with Iran deepened, triggering stock-market sell-offs and raising fears of a global energy-driven inflation spike and stagflation, with growth expected to slow and central banks facing limited room to ease policy.

Topics:businessworld#geopolitics#inflation#markets#oil#stagflation#world
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  1. Why has the Iran war sparked fears of stagflation for the global economy?  The Guardian
  2. "Think of the unthinkable and prepare": IMF warns war could push global inflation higher  CNN
  3. The Iran war's economic blowback is getting real  Axios
  4. IMF Urges Preparation for ‘Unthinkable’ Amid Mideast Conflict  Bloomberg.com
  5. IMF's Georgieva warns Middle East conflict could push global inflation higher  Reuters

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