ANALYSIS: The financial damage caused by the Iran conflict will likely continue long after the war ends

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Prospects for a temporary ceasefire in the Iran conflict have provided some stability to financial markets, though the broader situation remains deeply unpredictable given the persistent threat of further hostilities. Regardless of how quickly the fighting concludes, the confrontation has already generated significant and enduring disruptions to energy supplies, stoking fears of rising prices, diminished economic growth and the possibility of widespread stagflation across global markets.