Iran War Spillovers Hit US Economy, Raising Recession Risks

Economists warn that the four-week Israel-Iran conflict is beginning to affect US recession risk as economic fallout spreads beyond the immediate region. Growing concerns that the war cannot be contained are impacting market sentiment. USD could weaken on recession fears while safe-haven currencies like JPY and CHF may strengthen. Oil-linked currencies including CAD and NOK face pressure from energy market volatility.