Global economy faces 'major, major threat' from Iran war, IEA head says

The International Energy Agency's head warned that an Iran war poses a "major, major threat" to the global economy. The IEA chief's comments reflect concern that escalating conflict in the Middle East could disrupt oil supplies and energy markets at a time when the world economy is already facing headwinds. Iran is a significant oil producer, and any military conflict involving the country could send crude prices sharply higher, raising costs for consumers and businesses worldwide. The warning underscores deepening anxiety among international economic officials about geopolitical instability in the region. Energy markets remain sensitive to any news of Iranian conflict, given the country's role as a major exporter and OPEC member.