UK facing biggest hit to growth from Iran war out of major economies

The OECD has downgraded economic growth forecasts for major economies amid escalating tensions in the Middle East, with Britain facing the steepest projected impact. The organization cited disruptions from the US-Israel conflict with Iran, which threatens to destabilize energy markets and global trade flows that advanced economies depend on heavily. The UK's particular vulnerability stems from its reliance on imports and exposure to oil price volatility, making it more susceptible than peers to supply-chain shocks. Downgrades to growth forecasts typically force governments to recalibrate fiscal and monetary policy, potentially affecting everything from employment to public spending. The forecasts underscores how geopolitical risk now shapes macroeconomic planning across the developed world.