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Middle East Conflict Clouds the Economic Outlook
The military conflict in Iran and the Middle East is curtailing the global flow of oil and natural gas. This adds notable pressure to energy prices and the near-term inflation outlook, while also raising questions about countries’ reliance on energy imports and their economic resilience. The longer the Iran conflict drags on, especially if we see more pronounced damage to energy infrastructure alongside suspended production and constrained shipments through the Strait of Hormuz, the global economy could be at risk of a more prolonged energy supply shock. So far, the market reaction appears focused on upside ... (full story)
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Mar 11, 2026 11:39pm
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From morningstar.com | Mar 12, 2026
Things aren't looking so great on the economic front 12 days into the U.S.-Israeli attack on Iran. Not only did oil prices again touch triple-digit levels, there are worries about supplies of everything from fertilizer to helium, important not just for party balloons, but semiconductor production. Goldman Sachs economists Manuel Abecasis and David Mericle ...
IRAN HAS THREATENED TO STRIKE THE U.S. WEST COAST WITH OFFENSIVE DRONES IN RETALIATION FOR AMERICAN MILITARY OPERATIONS, ACCORDING TO AN FBI WARNING ISSUED TO CALIFORNIA POLICE DEPARTMENTS, ABC NEWS REPORTS. 
FBI warns Iran aspired to attack California with drones in retaliation for war: Alert The FBI warned police departments in California in recent days that Iran could retaliate for American attacks by launching drones at the West Coast, according to an alert reviewed by ABC News. “We recently acquired information that as of early February 2026, Iran allegedly aspired to conduct a surprise attack using unmanned aerial vehicles from an unidentified vessel off the coast of the United State Homeland, specifically against unspecified targets in California, in the event that the US conducted strikes against Iran,” according to the alert distributed at the end of February. “We have no additional information on the timing, method, target, or perpetrators of this alleged attack.” The warning came just as the Trump administration launched its ongoing assault against the Islamic Republic. Iran has been retaliating with drone strikes against targets throughout the Mideast.
FBI warns Iran aspired to attack California with drones in retaliation for war: Alert The FBI warned police departments in California in recent days that Iran could retaliate for American attacks by launching drones at the West Coast, according to an alert reviewed by ABC News. “We recently acquired information that as of early February 2026, Iran allegedly aspired to conduct a surprise attack using unmanned aerial vehicles from an unidentified vessel off the coast of the United State Homeland, specifically against unspecified targets in California, in the event that the US conducted strikes against Iran,” according to the alert distributed at the end of February. “We have no additional information on the timing, method, target, or perpetrators of this alleged attack.” The warning came just as the Trump administration launched its ongoing assault against the Islamic Republic. Iran has been retaliating with drone strikes against targets throughout the Mideast.
TRUMP SAYS WAR WITH IRAN WILL END SOON: AXIOS TRUMP TELLS AXIOS THERE'S "PRACTICALLY NOTHING LEFT" TO TARGET IN IRAN Officials prepare for at least two more weeks of strikes - Axios
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