Middle East War Revives the Specter of a Global Economic Recession

TL;DR

The Middle East conflict is raising fears of a global economic recession.
Oil prices have surpassed $100 per barrel, worrying investors.
China is expected to be significantly affected by the conflict.
Disruptions in the Strait of Hormuz could have major implications for global markets and inflation.
A prolonged conflict could reduce global trade volume and increase inflation.
Estimates suggest a sustained $15 increase in Brent crude could reduce global growth by 0.2% and add nearly 0.5% to inflation.

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