How the War in Iran Is Transforming the Global Economy

June 6, 2026

How the War in Iran Is Transforming the Global Economy

A gas pump.

Source photograph by Nhac Nguyen / AFP / Getty

This week, the Organization for Economic Cooperation and Development estimated that, even if the United States and Iran soon reach a permanent ceasefire agreement, worldwide economic growth will continue to suffer at least into 2027, and perhaps beyond.

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