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Iran war shakes Global economy as energy costs surge and recession fears grow

NPR | By Lauren Frayer,

Eyder Peralta, Diaa Hadid, Jewel Bright

Published May 1, 2026 at 5:18 PM EDT

From energy markets to everyday prices, the fallout from the Iran war is reshaping the global economy.

Copyright 2026 NPR

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Lauren Frayer

Lauren Frayer covers India for NPR News. In June 2018, she opened a new NPR bureau in India's biggest city, its financial center, and the heart of Bollywood—Mumbai.

See stories by Lauren Frayer

Eyder Peralta

Eyder Peralta is NPR's East Africa correspondent based in Nairobi, Kenya.

See stories by Eyder Peralta

Diaa Hadid

Diaa Hadid chiefly covers Pakistan and Afghanistan for NPR News. She is based in NPR's bureau in Islamabad. There, Hadid and her team were awarded a Murrow in 2019 for hard news for their story on why abortion rates in Pakistan are among the highest in the world.

See stories by Diaa Hadid

Jewel Bright

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