Is Trump's reckless aggression against Iran pushing global economy toward a catastrophic collapse?
TEHRAN- As the United States under Donald Trump has once again unleashed military strikes against Iran and reinstated what the US president calls a "naval blockade" in the Strait of Hormuz, the World Bank has issued a stark warning that the escalating hostilities could slash global economic growth to a mere 1.3 percent in 2026—down from 2.9 percent last year—while reigniting inflation and driving interest rates perilously higher.
7/24/2026 7:08:40 AM