If the war’s over, when does everything go back to normal?
If the war is actually ending, the logical question from anyone who has filled a gas tank over the past month is: When will prices return to where they were before the war?
Trump says US blockade of Iranian ports to begin on Monday 14:00
Donald Trump said that the US will start blockading ships entering and leaving Iranian ports from Monday, 10:00 ET (14:00 GMT, 15:00 BST)
‘Failed US-Iran talks major blow for global economy’
The impact on the wider economy is direct. Higher oil prices feed into transport, food and other goods, adding to inflation and squeezing budgets.
What’s really shaking the markets? Goldman says it isn’t the Iran war
The conflict in the Middle East has fueled the recent spike in equity volatility, Goldman says, but the firm’s macro strategy research team sees an ongoing structural rise in long-term volatility beyond the war’s end.
Ceasefire relief: What the US-Iran truce means for oil, equities and currencies
A fragile US-Iran truce has sparked a sharp market relief rally, but six weeks of conflict damage means full recovery remains uncertain.
Africa counts losses as US-Iran war hits 5 key sectors across the continent
Disruptions to shipping through the Strait of Hormuz are beginning to ripple across African economies, threatening fertiliser supplies, industrial inputs and trade flows while increasing freight costs and financial pressure on several countries.
Trump warns he’ll ‘reign down hell’ on Iran within 48 hours unless Strait of Hormuz is opened and peace deal is made
“Remember when I gave Iran ten days to MAKE A DEAL or OPEN UP THE HORMUZ STRAIT. Time is running out – 48 hours before all Hell will reign down on them. Glory be to GOD!” Trump said in a Truth Social post Saturday.
IMF, World Bank, IEA coordinate to curb economic fallout of the Iran war
“The impact is substantial, global, and highly asymmetric, disproportionately affecting energy importers, in particular low-income countries,” according to a statement from the heads of the three institutions.
Trump marches up and down an Iranian hill and into a swamp
Announcing that Iran’s nuclear ambitions have been decisively thwarted and its missile programmes stilled, among other damage, Trump basically brushed off the global economic difficulties stemming from the closing of the Strait of Hormuz and gave a bit of a backhand to other Nato members who had declined to join his conflict of choice.
Way out of Iran war for global economies is a ‘deep recession’: KPMG chief economist
“The only clear way out is a deep recession,” Swonk wrote, noting that it’s more likely for economies outside the US, but remains a risk for Americans.