The conflict involving Iran, which escalated with U.S. and Israeli strikes in late February, has triggered significant concerns about a potential global recession. In the United States, job openings have decreased to 6.9 million, down from 7.2 million in January, signaling a slowdown in the labor market. The Job Openings and Labor Turnover Summary (JOLTS) revealed that layoffs have increased, and the hiring rate has dropped to 3.1%, the lowest level since the height of the COVID-19 pandemic in April 2020. Additionally, the U.S. lost 92,000 jobs in February, with expectations of a rebound to 60,000 new jobs in March. Meanwhile, in Europe, the European Union's energy chief has warned of potential prolonged disruptions in energy markets due to the conflict, with policymakers indicating that oil prices exceeding $150 per barrel could lead to a recession. The situation remains fluid, and further developments in the Iran conflict could have significant economic implications globally.