Iran war shakes Global economy as energy costs surge and recession fears grow

Two months into the Iran war, fighting has been suspended but no definitive end is in sight, and energy costs are rising as the conflict reshapes the global economy. NPR notes a broad impact from energy markets to everyday prices. The New York Post reports OFAC warnings that payments to Iran for safe passage through the Strait of Hormuz could trigger sanctions, highlighting sanctions risk for toll payments. CNN emphasizes casualties and authorities’ statements about the war’s prolonged uncertainty, noting that figures from Human Rights Activists in Iran cite thousands of deaths and executions. Where details diverge, attribution is made to specific sources.