Rising energy costs risk triggering a major global recession despite stock market highs.

Energy prices have surged over 50% due to the Iran war, yet global stock markets remain high, suggesting investors are underestimating the economic impact. Experts warn this energy crisis could lead to a significant recession, affecting industries like chemicals, food production, and airlines. Oil prices are expected to stay elevated, driving up costs across commodities and potentially causing inflation to worsen. A swift resolution to the conflict is critical to avoid prolonged economic damage and further rate hikes by central banks.