OECD Warns Protracted Iran War Could Drag Global Growth, Lift Inflation
๐ OECD โ The institution that missed 2022 inflation is now calling the war a structural drag. ๐ LOOK CLOSER: OECD flagging protracted war as a growth-inflation double hit validates what markets have priced since May: no quick resolution, no Brent relief. For EU policymakers, it narrows ECB room โ rate cuts get harder if war inflation persists. For Tehran, it means external pressure to deal compounds, but slowly.