War in Iran accelerates global economic crisis, World Bank warns of polycrisis

The World Bank characterizes escalating conflict in Iran as a catalyst for a global polycrisis—a cascade of interconnected economic shocks, supply-chain fractures, and energy disruptions affecting multiple regions simultaneously. According to the analysis, this moment demonstrates how fragile modern economic systems have become when multiple crises overlap. The polycrisis threatens jobs globally and has already triggered energy price volatility with direct impacts on fuel costs for American consumers and manufacturing sectors reliant on stable energy prices.