world-economy

Iran Conflict Sends Shockwaves Through Global Supply Chains, Inflation Surging Worldwide

Energy prices are roiling economies across multiple continents as fallout from the Iran war reshapes global cost structures. Nigeria's inflation reached its highest level since November, driven largely by surging fuel expenses that complicate monetary policy decisions. Ghana experienced its first inflation increase in 16 months as global oil shocks translated into elevated domestic energy costs. China's factory-gate prices climbed to their fastest pace in four years, squeezing producer margins. South Korean bond yields topped 4% for the first time since November 2023 as traders wager on larger central bank rate hikes. France's jobless rate unexpectedly jumped above 8%, its worst reading since 2021, suggesting economic weakness predated the Middle East tensions.