US–Israel–Iran war heightens global recession and inflation risks through energy and shipping shocks, says GlobalData

🌐 Hellenic Shipping News (IR) —

AI Summary

The escalating US-Israel-Iran war is causing the most severe disruption to global energy markets since the 1970s, with the effective closure of the Strait of Hormuz pushing oil prices briefly above $110 per barrel. The shocks are spreading across shipping, aviation, and trade, raising significant global recession and inflation risks according to GlobalData.

The escalating war between the US, Israel, and Iran is creating the most severe disruption to global energy markets since the 1970s. The effective closure of the Strait of Hormuz has pushed oil prices briefly above $110 per barrel within days, while the shock is spreading to shipping, aviation, and trade, raising global recession and ...

World Security Conflict Politics Markets Travel Commodities Energy Shipping US-Iran war Strait of Hormuz oil prices global recession energy shock shipping disruption inflation Israel

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