Global stagflation fears rise as Gulf energy infrastructure attacks disrupt supply

Just read about the escalating Iran war's economic impact. Attacks on Gulf energy sites like Kuwait's oil ministry, UAE gas plants, and Qatar's Ras Laffan have caused major damage, cutting export capacity and risking billions in lost revenue. The Strait of Hormuz blockade is disrupting 20% of global oil/gas transit, pushing prices up nearly 50%. Analysts warn this could lead to stagflation-slower growth, higher unemployment, and inflation-with reconstruction taking years. Gulf states' fiscal buffers might help, but the private sector's confidence and non-oil sectors' performance are crucial for recovery. Really shows how critical energy infrastructure stability is for both regional and global economies. https://www.thenationalnews.com/business/economy/2026/04/07/strikes-on-gulf-energy-sites-risk-triggering-stagflation/