The conflict in the Middle East is reviving the specter of inflation and hobbling the global economy just as it was showing signs of strengthening at the start of the year, the OECD said.

Tariffs are usually applied to imported goods—but in an interconnected economy, their effects can be felt in the prices of other goods and services. Estimates using data across multiple advanced economies show that inflation declines right after tariffs are imposed.

The conflict with Iran has already put fresh stress on the U.S. economy, as companies report rising prices, fewer orders and a decline in employment.

The worst U.S. inflation outbreak in a generation turns five years old this month, a defining economic shock that is still driving policy debates.

Historic energy supply chain disruption may be the ultimate monkey wrench for the central bank and Wall Street.

Americans are growing more pessimistic about the US economy as the war on Iran continues to roil markets, with sentiment falling across all income groups — including the wealthiest.

Add Yahoo as a preferred source to see more of our stories on Google. FILE PHOTO: U.S. President Donald Trump gestures on the day he delivers a speech on energy and the economy, in Clive, Iowa, U.S., January 27, 2026. REUTERS/Kevin Lamarque/File Photo ...

The European Central Bank has kept interest rates unchanged, saying inflation is on track to return to its 2% target even as global trade tensions and geopolitical risks cloud the outlook. The Governing Council said on Thursday that it would leave its ...

By Kevin Yao and Ellen Zhang BEIJING, March 31 (Reuters) - Imported inflation stemming from the Middle East conflict will put pressure on China's economy, requiring policymakers to juggle rising inflation alongside slowing growth,

The US and Israeli war on Iran is now a month old. In 30 days, the war has upended the world economy, affecting oil prices, markets, and travel.