POLICY & POWER
US-Iran Tensions Imperil Global Economy
The looming threat of conflict in the Gulf risks widespread inflation and a severe economic downturn by impacting oil, gas, agriculture, and tech supply chains.
strait of hormuz
POLICY & POWER
US stocks rally as Strait of Hormuz military escalation threatens global oil supply
Wall Street is ignoring the escalating Middle East conflict, betting that the threat of mutual economic destruction will prevent a full-scale war. However, crude prices nearing 100 dollars a barrel signal growing dread over vulnerable energy lifelines.
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