Economic toll of war grows
Why it matters: Higher energy costs and trade turmoil could stall worldwide growth and destabilize markets.
- U.S. Treasury warns that sanctions and supply disruptions could push oil prices above $100 a barrel.
- Israeli Defense Forces report heightened missile exchanges, signaling a shift from proxy skirmishes to direct confrontation.
- Iranian Foreign Ministry calls the war a “Western aggression” and vows retaliation, complicating diplomatic de‑escalation.
- Energy market analysts predict a 6‑9% drop in global trade volumes as Red Sea shipping faces heightened risk.
As the US‑Israel‑Iran showdown intensifies, analysts warn the conflict could spill into a global economic crisis, spiking oil, snarling trade corridors, and choking demand.
