Israel-Iran war: Escalating hostilities in the Middle East risk renewed energy, inflation shocks, Moody's says

Israel-Iran war: Middle East hostilities are escalating, posing significant risks to India and other Asian commodity importers. Disruptions to key energy and trade routes, including the Strait of Hormuz, are driving up oil prices and threatening to worsen inflation and trade balances. This renewed instability casts a shadow over economic outlooks, particularly for debt-burdened emerging economies.