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Iran War's Costs Are Felt Worldwide — Here's What Three Months of Fighting Actually Did
NPR·Thursday, 18 June 2026
More than three months after the US and Israel launched their war on Iran, the costs and aftereffects are being felt around the world. The war created inflationary pressures significant enough to push the Bank of Japan to raise interest rates to a 31-year high of 1%. The full economic and military toll is still being tallied.
Why It Matters
India imports a large share of its oil from the Gulf region, and global inflation triggered by the Iran war could push up fuel and commodity prices for ordinary Indians.
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