The Organisation for Economic Co-operation and Development (OECD) delivered a cautious global economic outlook on Wednesday, downgrading growth forecasts while raising inflation projections as the ongoing Middle East conflict continues to disrupt energy supplies and unsettle markets. In its latest Economic Outlook, the Paris-based institution highlighted how geopolitical tensions, particularly around the Strait of Hormuz, are creating fresh headwinds for the world economy. The energy price volat