The Devastating Impact of a Prolonged Iran War on the Global Economy
Experts warn that a prolonged conflict between the US, Israel, and Iran could have disastrous long-term effects on oil prices, inflation, and economic growth worldwide.
While the initial market reaction to the US and Israel's bombing of Iran suggested the economic fallout would be short-lived, experts now warn that a prolonged conflict in the Middle East could have devastating long-term consequences for the global economy. The stakes are enormous, as a protracted war with Iran has the potential to send shockwaves through international oil markets, fuel rampant inflation, and stall economic growth worldwide.
In the days after the airstrike that killed Iran's Supreme Leader Ayatollah Ali Khamenei, some US-based fund managers were quick to dismiss the economic risks, claiming that
Source: The Guardian
