World Bank Warns Iran War Is Slowing Global Growth NYT - Top Stories By: Alan Rappeport 11 June 2026 at 14:30 The world economy is weakening as energy prices fuel a new bout of inflation. © Arash Khamooshi/Polaris for The New York TimesAn explosion after U.S.-Israeli airstrikes hit oil storage depots in Tehran. The war has tangled supply chains and caused oil, gas and fertilizer prices to gyrate for months.