A global recession is ‘almost inevitable’ if the war on Iran should drag on, a leading Irish economist has warned. Like the cost-of-living spike caused by Russia’s invasion of Ukraine in 2022, soaring energy prices will drive general inflation and prevent European Central Bank (ECB)interest rates from coming down.

WHILE most people assume the economic consequences from the military conflict in Iran will be much less severe, and believe that the global economy could withstand the conflict, we must not be too complacent about the economic risks this war creates.

Economists warn that the war has increased the risk of a recession. And the longer the crisis lasts, the greater the danger to an economy that already looked vulnerable before the chaos in the Middle East.

Oil prices surged 20% as the Iran war and Strait of Hormuz closure sparked a global "risk-off" move. Brent may hit $150, risking a global recession and demand destruction. Indian markets face deep cuts via Gift Nifty,

What Americans Fear Most with the Iran Attack….👉 🎙️👉 “Watch full episode on ‘Deep Dive with Sarah Forgany’ on KENS5+

Recession risk has dropped from April according to many economists, including J.P. Morgan and economists surveyed by The Wall Street Journal. I am not forecasting a recession now (late July 2025), but the risk rises as tariff uncertainty continues.

Range reports that while oil shocks can impact recessions, current economic indicators suggest we aren’t on that path yet.

Fund managers optimism in stocks (SP500) saw the highest level since February, according to Bank of America’s Global Fund Manager Survey for October. Macro sentiment is continuing to recover and stands now at the highest level since February, with the ...

Oil prices have risen 40%, as Iran has opened fire on cargo ships leaving the Strait of Hormuz. The United States continues to bomb Iran, claiming to have already hit thousands of targets. As the war continues,