Global Energy Markets Jolted by Iran War, Central Banks Warn of Stagflation
Loading more articles...
Central Banks Sound Stagflation Alarm as Iran War Jolts Global Energy Markets
F
Firstpost•20-03-2026, 12:10
Central Banks Sound Stagflation Alarm as Iran War Jolts Global Energy Markets
•Top central banks warn of rising stagflation risks due to escalating Iran war disrupting energy infrastructure and driving oil prices.
•Policymakers from US, Europe, Japan, Canada, and Britain held interest rates steady but flagged mounting inflationary pressures from the energy shock.
•US Federal Reserve Chair Jerome Powell noted the global economy faces an "accumulation of shocks," with higher energy prices pushing up inflation.
•Brent crude briefly surged past $119 a barrel, and natural gas prices spiked, fueling fears of a renewed inflation cycle.
•Central bankers face the dilemma of containing inflation without stifling fragile economic growth, reminiscent of the 2022 commodity shock.
