OECD & Iran

OECD: The OECD warned that prolonged disruption of energy supplies from the Middle East due to the Iran war would severely impact the global economy, potentially leading to recession and increased inflation.

Iran: Iran's effective closure of the Strait of Hormuz has caused a global energy crisis, driving up oil and gas prices and disrupting supply chains. The nation is also engaged in ongoing conflict with Israel and the United States, leading to economic sanctions and military actions.