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Fact of the Week: The OECD Has Increased 2026 Inflation Projections for the G20 by 1.2 Percentage Points Due to the Conflict in the Middle East

The conflict in the Middle East, which has blocked shipments through the Strait of Hormuz and led to the destruction of energy infrastructure throughout the region, has increased the cost of commodities such as oil, gas, and fertilizer. This price shock has affected the entire world, raising the cost of food, energy, and transportation.
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Information Technology and Innovation Foundation broke the news in on Monday, March 30, 2026.
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