Washington Edition

Lagarde Warns the Iran War is Straining the Global Economy

ECB president says the impacts will pile up as the conflict continues
A UAE navy vessel patrols next to cargo ships and oil tankers in the Strait of Hormuz last week. (AP Photo/Altaf Qadri)Photographer: Altaf Qadri/AP

I’m Nancy Cook, Bloomberg’s senior national political correspondent, and each weekday I’ll be coming to you with inside-the-room reporting and insights that reveal what’s really happening in Washington — and how it impacts you. Email me with feedback and comments here . If this newsletter was forwarded to you, sign up here .

The Iran war is straining the global economy and there may be more disruption ahead.