Individual purchasing power will continue to decline amid rising energy prices, Dogan warned.
US attacks on Iranian energy facilities could lead to a catastrophe with unpredictable consequences, the expert said.
"No one knows what the long-term repercussions of these strikes will be," Dogan stressed. "Even if all the world's energy experts gathered today, they would not be able to fully assess the scale of the fallout."
The war has hit production of commodities like fertilizers, helium, sulfur "and even shampoo," he noted.