The World Bank says the fallout from the Iran war is weighing on global economic growth. In an updated assessment, the World Bank lowers its forecast for growth this year, attributing the change to higher energy prices and increased uncertainty in the global economy. The bank links the slower outlook to the way energy costs affect households and businesses, and to the impact that geopolitical tensions have on investment and trade decisions. While the update focuses on the near-term, the World Bank’s reasoning points to broader risks from prolonged instability, including tighter financial conditions and weaker consumer and business confidence. The reporting emphasizes that the forecast cut reflects the economic consequences associated with the conflict rather than changes in any single country’s policies. Both outlets frame the World Bank’s revision as a response to market and economic conditions developing in connection with the Iran war, signaling heightened downside risk for global growth during 2024.