Oil Near $100 Triggers Global Growth Alarm Amid Iran-Israel Clash

The Iran–Israel conflict is driving crude toward $100 a barrel, prompting the EBRD to warn that sustained high energy prices could shave global growth by up to 0.4 percentage points and lift inflation, while the OECD keeps 2026 growth at 2.9%. Reports of an Israeli strike killing IRGC navy commander Alireza Tangsiri circulate as Iran vows readiness and attacks and casualties continue in the region. Meanwhile, U.S. President Trump presses Tehran to capitulate or face harsher action and CENTCOM says Operation Epic Fury remains on track, all amid ongoing market volatility.