The economic fallout from the Middle East conflict is underway, marked by a US-Iran peace deal and joint surveys informing Bank of England expectations.
1 report, 1 independent
Updated Jun 17
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What happened
The economic fallout from the Middle East conflict is underway, marked by a US-Iran peace deal and joint surveys informing Bank of England expectations.
Who's involved
What this event is mainly aboutHow it developed
Newest first. Tap a step to see who reported it.- ONS chief economist discusses how the peace deal and Strait of Hormuz closure affect future inflation.Sub-event
US-Iran peace deal and joint economic surveys are impacting global energy prices and BoE outlook.1 source
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Part of
Geopolitical tensions in the Middle East are currently affecting global energy prices.Also in this story
- Luxury car business model faces viability questions due to conflict fallout from the Middle East.
- Global markets react to geopolitical tensions, with Hormuz disruptions affecting reserves and corporate outlooks across Europe and China.
- Global fund managers are monitoring rate hike expectations as demands for missile program dismantling and negotiations regarding potential oil supply disruptions take place.
- The Fed's tone is guiding market direction following a ceasefire that reduces energy price shocks.
The entities involved
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Middle East
geopolitical region encompassing Egypt and most of Western Asia, including Iran
- Brent
Related events
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- The World Bank provides economic forecasts linking oil prices to geopolitical conflict in the Middle East.
- Higher energy costs are being reported due to the ongoing conflict in the Middle East.