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Iran War Fuels Global Inflation Fears and Rising Rates

3/13/2026

50 7 Full Breakdown

Summary

Story summary

The ongoing war in Iran is heightening global inflation concerns, especially for energy costs.
Analysts expect eurozone inflation to rise 0.6 percentage points to 2.5%, while US and UK inflation could reach 3%.
UK lenders have withdrawn 500 mortgage deals as rising bond yields push up rates.
European policymakers recall the 2022 energy shock when inflation peaked at 9%, yet an ING economist says current conditions are less crisis-prone.

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Story summary

The ongoing war in Iran is heightening global inflation concerns, especially for energy costs.
Analysts expect eurozone inflation to rise 0.6 percentage points to 2.5%, while US and UK inflation could reach 3%.
UK lenders have withdrawn 500 mortgage deals as rising bond yields push up rates.
European policymakers recall the 2022 energy shock when inflation peaked at 9%, yet an ING economist says current conditions are less crisis-prone.