{"name":"How is the Iran war impacting global energy markets and inflation?","short_name":"How is the Iran war impacting global energy markets and inflation?","theme_color":"#ffffff","start_url":"/","display":"standalone","background_color":"#fff","description":"<p>The U.S. and Israeli strikes on Iran have sent <strong>oil and gas prices sharply higher</strong>, ripping through global energy markets by disrupting shipments through the Strait of Hormuz — a chokepoint for about <strong>20 % of the world’s oil trade</strong>. Brent crude has climbed toward multi-year highs and could exceed <strong>$100 a barrel</strong> if supply fears persist, while natural gas prices in Europe have also surged. Higher energy costs are now <strong>feeding directly into inflation</strong>, squeezing consumers and adding pressure on central banks, with a risk that persistent disruptions could slow growth and fuel broader price rises worldwide</p>","icons":[{"src":"https://deow9bq0xqvbj.cloudfront.net/image-logo/22140166/ChatGPT_Image_Mar_4_2026_01_42_00_PM_axehsp_300x300.png","sizes":"300x300","type":"image/png"}]}