The Iran war has sent shockwaves through the global economy, resulting in soaring oil and gas prices that could persist for an extended period. Experts warn of dual shocks to growth and prices, raising recession concerns as inflation risks increase worldwide. Surveys indicate that the conflict is rattling financial stability, and economists predict prolonged energy trade disruptions, particularly through the Strait of Hormuz. The economic ramifications are expected to be severe, affecting not only oil markets but also fertilizers and other goods. With the FTSE 100 experiencing notable declines and U.S. stock markets reacting negatively to military interventions, analysts suggest that prolonged instability may lead to a global credit crunch and exacerbate the already fragile economic landscape.