LOADING ERROR LOADINGWASHINGTON (AP) — The war with Iran is doing collateral damage to the world economy. Higher energy prices will squeeze Pakistani families and damage their economy. That is partly because inflation remains uncomfortably high in Pakistan — and higher energy prices threaten make it worse. Higher energy prices feed inflation. Advertisement“Their minds will easily go to the 1970s,” Johnson said, when conflict in the Middle East and an Arab oil embargo sent oil prices rocketing.

Source: Huffington Post March 10, 2026 12:36 UTC