World Bank cuts growth outlook on Iran-war shock

AP and CBS reported that the World Bank cut its global growth forecast to 2.5 percent, citing energy-price pressure, inflation, and uncertainty from the Iran war. The forecast downgrade extends the dashboard's market lane beyond oil ticks into global growth, food, fertilizer, and borrowing-cost risk.

Why this matters. This turns the crisis into a measurable global macro event. If Hormuz, Gulf LNG, and oil flows remain unstable, the damage spreads from regional security into inflation, central-bank policy, and emerging-market growth.